Claymore announced today that it would be liquidating four low-volume exchange traded funds (ETFs). The combined assets of the ETFs make up less than 0.70% of the provider’s total ETF assets.
Dec. 11 will be the last trading day for the following four funds:
- Claymore/Morningstar Manufacturing Super Sector Index ETF (NYSEArca: MZG)
- Claymore/Morningstar Information Super Sector Index ETF (NYSEArca: MZN)
- Claymore/Morningstar Services Super Sector ETF (NYSEArca: MZO)
- Claymore U.S.-1 – The Capital Markets Index ETF (NYSEArca: UEM)
Claymore has 35 funds in total. While there have been several ETF closures this year, it’s not the only industry shutting down funds. Between October 2008 and October 2009, 155 mutual funds shut their doors. (What happens when ETFs close).
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.