First to Market: Seven New Maturity-Date Corporate Bond ETFs From Claymore
Monday, June 7th, 2010Tom Lydon submits:
Claymore Securities, more known for its niche ETF strategies, has launched seven target-maturity-date investment-grade corporate bond funds, which allow the average investor a chance to hold an individual bond to maturity.
The new funds, each with an expense ratio of 0.24%, have maturity dates starting at the end of 2011 through the end of 2017, and each fund will close upon maturity, providing investors with the opportunity to redeem the full par value on maturity, writes Olivier Ludwig for IndexUniverse. Traditional bond ETFs don’t have maturity dates, and investors may lose out if they have to draw on principal during a rate-hike cycle.
