Claymore Advisors is getting active in the exchange traded fund (ETF) industry and putting their toes into the commodity market. Claymore has filed with the Securities and Exchange Commission (SEC) to launch three new ETFs of the actively managed variety. The proposed ETFs would be advised by Claymore Advisors and sub-advised by Huntington Beach, CA-based Delta Global Advisors, reports Murray Coleman for Index Universe.
These actively managed ETFs would follow a style that is more traditional and similar to how a mutual fund is run. Delta Global would implement either a bottom-up fundamental approach or rely on more technical analysis to evaluate companies, depending on the fund.
The ETFs Claymore proposes are:
- Claymore Delta Global Infrastructure ETF: This will include stocks the managers believe could best benefit from infrastructure projects, particularly in emerging markets. It will include utilities, ports, airports, railroads, water and more.
- Claymore Delta Global Hard Assets ETF: This includes securities that derive their revenues from mining, processing and selling hard commodities, including base metals, energy and precious metals. The fund will use a combination of fundamental and technical analysis.
- Claymore Delta Global Agribusiness ETF: This fund will invest in securities that derive revenues from growing, selling, processing and/or trading agricultural commodities.
The actively managed ETF trend is gathering steam and interest, and the flow of assets away from mutal funds may be perfect for these new funds to garner even greater market share.
You can read the full filing here.
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.