MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 3, 2010 Claymore Loads Up 9 ETFs and Targets 9 Liquidation Dates 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. Printed from: MFWire.com/story.asp?s=33349 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |