The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, May 14, 2009|
Another Fund Company Bets on Active ETFs
Fund companies may re-consider the opportunity that comes with launching actively managed ETFs as another company makes plans to enter the marketplace. IndexUniverse.com reports that Claymore filed with the SEC to launch three new commodity exchange-traded funds. Claymore filed to form the Claymore Active ETF Trust on April 22, 2009.
The funds are: the Claymore Delta Global Infrastructure ETF; the Claymore Delta Global Hard Assets ETF; and the Claymore Delta Global Agribusiness ETF.
The advisor to the funds will be Claymore Advisors; they will be subadvised by Delta Global Advisors.
Other companies that have either filed or launched active ETFs of their own are: Grail Advisors, Barclays Global Investors' iShares (which filed May 4), JPMorgan and Powershares.
Claymore has also been in the news lately for being a possible buyer for Rydex. (see MFWire 5/13/09) The MFWire has not yet been able to confirm the rumor.
Printed from: MFWire.com/story.asp?s=21557
Copyright 2009, InvestmentWires, Inc.
All Rights Reserved