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Claymore Securities Launches 7 ETFs That Track Firm's BulletShares

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Claymore Securities Inc. is launching a group of seven exchange traded funds (ETFs) that track the firm’s BulletShares corporate bond indices, Claymore announced in a Wednesday, June 9, release.

The new ETFs with years of maturity ranging from 2011 through 2017 are designed to help investors gain exposure to investment-grade corporate bonds. They allow advisors to build diversified bond ladders that fill in gaps of existing portfolio bonds and to address investor events such as regular cash distributions for retirement and college expenses.

“The Claymore BulletShares Corporate Bond ETF suite enhances investor access to the investment grade corporate bond market,” said William Belden, managing director at Claymore Securities, in the release. “The funds consist of comprehensive portfolios of corporate bonds with similar effective maturities. When used individually or in combination, the Funds provide investors the opportunity to structure portfolios of corporate bonds based upon their lifestyle-driven investment needs.”

Claymore Securities, based near Chicago in Lisle, Illinois, is a wholly-owned subsidiary of Guggenheim Partners, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim has headquarters in Chicago and New York.

The BulletShares indices, developed by Accretive Asset Management of Naperville, Illinois, represent the performance of an investment in a diversified, held-to-maturity portfolio of fixed-income securities. Investment products based on BulletShares indices serve as diversified substitutes for individual bonds, according to the Claymore release.

Read a story about another Claymore ETF launch from the archives of InvestmentAdvisor.com.


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