Claymore rolls out 7 corporate-bond ETFs with target dates

06/6/2010 | · ETF Trends ·

Claymore Securities launched a series of exchange-traded funds focusing on investment-grade corporate bonds that is designed to protect investors from losses during periods of increasing interest rates. The target-date funds mature in 2011 to 2017, all with a 0.24% management fee. At maturity, each fund will close, distributing net assets to investors and giving them approximately the same results they would have obtained by holding underlying bonds to maturity.

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