Claymore Nixes Use Of Derivatives In Actively Managed ETFs
April 27, 2010 Uncategorized
ETF issuer Claymore, which earlier this year filed plans to list an actively managed ETF, said it will not use derivatives as part of the investment strategy for any actively managed ETFs the firm issues.
Claymore’s plan follows an announcement by the Securities and Exchange Commission (SEC) that it was putting a hold on new actively managed or inverse ETFs that use derivatives to accomplish their investment objectives.
Claymore currently issues about 35 ETFs.