On Wednesday, Claymore launched the first dividend rotation exchange traded fund (ETF). The Claymore/Zacks Dividend Rotation ETF (IRO) launched on the American Stock Exchange. This brings the company’s total to 34 ETFs since the firm’s entrance to the market in September 2006. IRO is made up of 100 stocks based on the largest listed equity companies that pay out dividends annually. It holds companies with market capitalizations from $200 million to $450 billion.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.