Claymore Goes Plain Vanilla
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Claymore Securities has launched two diversified exchange-traded funds that seem almost sedate compared with its other 18 offerings.
The Claymore/Clear Mid-Cap Growth Index ETF(MCG Quote) and the Claymore/IndexIQ Small-Cap Value ETF(SCV Quote) started trading Thursday on the American Stock Exchange.
Claymore made a big splash last year when it entered the market with a series of ETFs that tracked offbeat, niche indices. Funds with names like the Yield Hog ETF(CVY Quote), which seeks to deliver a high income stream by investing in preferred stocks, master limited partnerships, unincorporated energy companies and closed-end funds; and the Spin-Off ETF(CSD Quote), which invests in recently spun-off companies, helped the company stand out in the increasingly crowded field. ...
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