Claymore Securities Inc., a Lisle, Ill., investment manager, said it had started five exchange-traded funds Thursday.
The portfolios, which began trading on the American Stock Exchange, include the first exchange-traded funds focused on Brazil, Russia, India, and China; the first sector-rotation ETF; the first insider-behavior ETF; and the first neglected-stock ETF.
David. C. Hooten, Claymore's chairman and chief executive officer, said it worked in tandem with Bank of New York Co. Inc., Zacks Investment Research, and Sabrient Systems to launch the ETFs.
The Claymore/BNY BRIC product is the first ETF to offer exposure to stocks in Brazil, Russia, India, and China.
The Claymore/Zacks Yield Hog product is the first distribution-optimized ETF and the first to invest in an index that can invest in traditional preferred securities, master limited partnerships, and closed-end funds. Claymore/Zacks Sector Rotation seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of the Zacks Sector Rotation Index.
Claymore/Sabrient Insider invests in an index that selects stocks based on insider behavior. Claymore/Sabrient Stealth seeks investment results that correspond generally to the performance of the Sabrient Stealth Index, which is designed to identify companies "flying under the radar screen" of Wall Street analysis.
