Claymore Joins ETF Scrum
Another company has thrown itself into the exchange-traded fund arena, offering a small lineup of products, but one that is sure to raise a few eyebrows.
On Thursday, Claymore Securities -- known best for its role in the closed-end fund and unit investment-trust spaces -- launched five ETFs on the American Stock Exchange. The products, which track everything from corporate insider trading to neglected stocks, add a new and interesting twist to ETFs; however, opinions are split on how these products will fit into investors' portfolios.
David Cohen, managing director of Claymore, says these products are a departure from many of the ETFs currently on the market, which mainly give investors exposure to different sectors, market caps, regions or company components such as dividends.
The Claymore funds, he says, enable people to invest in a strategy, all within the confines of the ETF.For instance, the Claymore/BNY BRIC ETF (EEB) is designed to track the four fastest growing emerging markets -- Brazil, Russia, India and China -- also known as the BRIC countries. According to Cohen, "this is a long-term growth story," as these countries are eventually expected to have a higher combined gross domestic product than that of the G6 nations combined. Here's the rest of the Claymore ETF lineup: The Claymore/Sabrient Insider ETF (NFO) looks for positive trends in insider buying and Wall Street analyst upgrades. The idea behind this product is that corporate insiders and analysts are most familiar with companies' long-term prospects and the underlying stocks.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV