Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Claymore to Cut 11 ETFs from its Lineup Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 01, 2008

Claymore to Cut 11 ETFs from its Lineup

Reported by Erin Kello

Claymore Securities plans to liquidate 11 of its 36 ETF portfolios. The funds it intends to take off the market are "lightly followed" ETFs that represent less than two percent of the company's US ETF assets, executives at the Lisle, Illinois-based firm said.

"There is a natural selection process when it comes to investment options and we will continue to offer products where there’s the potential for marketplace appeal," said Christian Magoon, senior managing director and head of the ETF Group.

Morgan Stanley analyst Paul Mazzilli told The MFWire that although the liquidation itself is not a surprise, the speed with which it is being done is.

"I think some of the smaller ETF players out there were throwing everything they had into the market hoping something would stick or that they would eventually be bought out," Mazzilli said.

The ETFs that will no longer be available as of February 19 are the:

  • Claymore/BIR Leaders 50 ETF,
  • Claymore/BIR Leaders Mid-Cap Value ETF,
  • Claymore/BIR Leaders Small-Cap Core ETF,
  • Claymore/Robeco Boston Partners Large-Cap Value ETF,
  • Claymore/LGA Green ETF,
  • Claymore/KLD Sudan Free Large-Cap Core ETF,
  • Claymore/Clear Mid-Cap Growth Index ETF,
  • Claymore/Zacks Growth & Income Index ETF,
  • Claymore/IndexIQ Small-Cap Value ETF,
  • Claymore/Robeco Developed World Equity ETF
  • Claymore/Clear Global Vaccine Index ETF

    Claymore executives said that they plan to launch several new ETFs in 2008. 

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

  • 0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2020: Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2020
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use