Claymore has filed to launch a trio of actively managed exchange traded funds (ETFs), including one that’s managed by Laffer Associates, Dr. Art Laffer’s economic research firm.
The new ETFs now in registration with the Securities and Exchange Commission (SEC):
- Claymore/S&P Commodity Trends Strategy ETF
- Claymore Active National Municipal ETF
- Claymore Laffer MacroEconomic Global Equity ETF
Laffer’s ETF will be an ETF of ETFs, holding a portfolio of single-country ETFs that represent “the most undervalued equity markets around the world,” reports Matt Hougan for Index Universe.
According to the filing, Laffer Associates uses “proprietary multi-factor modeling which combines quantitative analysis of a country’s actual exchange rates, fiscal policies, and global economic environment together with qualitative analysis of a country’s expected exchange rates, fiscal policies, and global economic environment” to select the most attractive countries.
Dr. Laffer is known as “The Father of Supply-Side Economics.” He has served as an economic advisor for President Ronald Reagan and advised Prime Minister Margaret Thatcher on fiscal policy in the 1980s. One of his achievements is the “Laffer Curve,” which illstrates tax elasticity and asserts that in certain scenarios, a decrease in tax rates could result in greater tax revenues.
Claymore has other filings for commodity ETFs in addition to those mentioned above.
For more stories on other new funds in the pipeline, visit our new ETFs category.
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.