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
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