Fundsters interested in high-yield corporate bond funds may want to take a look at a new series of ETFs Claymore [see profile] plans to launch. On Wednesday the Lisle, Illinois-based subsidiary of Guggenheim Partners filed to create nine ETFs that track high-yield corporate bond indexes and have planned liquidation dates (i.e. Claymore will "make a cash distribution to then-current shareholders" of the Claymore BulletShares 2012 High Yield Corporate Bond ETF on December 31, 2012).

IndexUniverse's Steve Dew on Thursday reported on the filing.

The ETFs will track indexes from Accretive Asset Management, which is based in another Chicago suburb, Naperville. Chuck Craig and Saroj Kanuri will serve as the ETFs' PMs. Claymore will handle distribution of the ETFs itself, while BNY Mellon will handle transfer agency and custody and Dechert will provide legal counsel.

Claymore plans to launch the funds in about 75 days (around November 15), and the firm has not yet revealed pricing for the ETFs. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE