Fundsters interested in high-yield corporate bond funds may want to take a look at a new series of ETFs Claymore
] 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).
'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.
Neil Anderson, Managing Editor
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