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• Claymore Fund Closings Not Good for ETF Industry

  (Sat, 02 Feb 2008 15:53:18 -0500)

  IndexUniverse submits:

  Holy fund closings. We've had the odd shuttering of a fund in the past but there went 11. Matt Hougan has written a nice little article on it, and he talked to Christian Magoon about it. Could this be the opening of the gate for many future similar closings? Goodness knows traditional funds have been doing it in large numbers for many years (hence the dreaded survivorship bias in many fund studies). Funds are often incubated and then merged or shuttered depending on their asset and returns performance.

  I believe I'm write that this is the largest ETF fund closing in history - I...

• Claymore to Liquidate 11 of Its Least Popular ETFs

  (Sat, 02 Feb 2008 15:36:23 -0500)

  IndexUniverse submits:

  In a surprising move, Claymore Securities announced Friday that it would liquidate 11 of its least-popular ETFs.

  The last day of trading for the funds will be February 19. On February 28, shareholders of record will receive cash payments for the full value of the funds. Any capital gains or losses from the portfolio will be distributed as well.

  
  Complete Story »

• Sound Business Performance Makes Manitowoc a Solid Long Term Investment

  (Fri, 25 May 2007 09:20:39 -0400)

  Andrew Corn submits: In this article, we are looking at another interesting stock in the Clear Mid Cap Growth Index which is licensed for the Claymore issued ETF (MCG). The Wisconsin-based Manitowoc Corp. (MTW) is also a holding in the Clear Mid Cap Growth portfolio. MTW operates in three unique business segments. It is a manufacturer of cranes and related products, equipment for the food services industry, and marine vessels.

  Founded in 1902, the company has been able to grow to a market capitalization of over $4.5 billion. Its growth...

• WBD Foods: A Good Fit for Mid Cap Portfolios

  (Thu, 03 May 2007 08:14:50 -0400)

  Andrew Corn submits: Two weeks ago, Clear Indexes began real-time publishing the Clear Mid Cap Growth Index and last week the ETF (MCG) began trading. The stock I discussed Thursday is a constituent of the index and it is also a holding in the Clear Mid Cap Growth portfolio, an actively managed, concentrated institutional separate account product.

  Founded in 1992, Wimm-Bill-Dann (WBD) is headquartered in Moscow, Russia. It provides dairy products that include traditional products, such as sterilized and pasteurized milk, butter, cream, kefir, cottage cheese, sour cream, yogurts,...

• Claymore Launches Small Cap Value ETF and Mid Cap Growth ETF; Plain Vanilla?

  (Mon, 30 Apr 2007 07:41:55 -0400)

  Tom Lydon (ETF Trends) submits: Claymore Securities launched two new ETFs that seem like plain vanilla compared to their other 18 funds, according to Lawrence Carell of TheStreet.com .

  Last year, Claymore made heads turn when they launched "trendy" niche ETFs that tracked narrow indices. For instance, they launched the Claymore/Clear Spin-Off (CSD), that follows recently spun-off companies.

  
  Complete Story »

• New Midcap Growth ETF Based On Unique Index

  (Wed, 25 Apr 2007 15:15:27 -0400)

  Andrew Corn submits: The ETF industry now has numerous indexes aimed at matching the broad market or a market segment or sector. The goal of most of these products is to not even tie the index. At best they will under perform due to their fees.

  Some ETFs outperform by a basis point or two before fees. This is typically due to tracking error, and with some of the most prosaic of the indexes, the fees can be quite low. These are the indexes that can perhaps be best replicated...

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• MCG Capital gets $70 million credit line

  ()

  LONDON (MarketWatch) -- Commercial finance group MCG Capital said it's received a credit facility of $70 million that may be expanded up to $150 million.

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