Claymore aims to launch 9 high-yield bond ETFs with target dates

09/7/2010 | · ·

Claymore Securities has filed with the Securities and Exchange Commission for authorization to offer a family of nine high-yield bond exchange-traded funds with target dates. All of the funds would track indexes provided by Accretive Asset Management. The ETFs would have a maturity date ranging from Dec. 31, 2012, to Dec. 31, 2020. Upon maturity, each ETF would make a cash distribution of all assets to shareholders. The ETFs would trade on NYSE Arca.

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