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Claymore closes four ETFs


Claymore Securities, an exchange-traded fund sponsor with approximately USD3bn in ETF assets under management, is closing and liquidating four lightly followed ETFs.

The following ETFs will have their last day of trading on the NYSE Arca on 10 September:

• Claymore/Zacks Dividend Rotation ETF
• Claymore/Zacks Country Rotation ETF
• Claymore/Beacon Global Exchanges, Brokers & Asset Managers Index ETF
• Claymore/Robb Report Global Luxury Index ETF

"We continue to be committed to developing innovative investment solutions for clients and we want to dedicate our resources to areas of greater investor interest," says Steven A. Baffico, senior managing director at Claymore Securities. "After careful evaluation of our product lineup, we believe these changes are in the best interest of our clients and shareholders."

Shareholders may sell their fund shares prior to the market close on 10 September 2010. Effective after the market close on 10 September 2010, the funds will no longer accept creation or redemption orders for fund shares.

It is anticipated that transactions executed prior to 10 September 2010 will be subject to fees normally assessed by broker-dealers for such transactions.

From 13 September 2010 through 17 September 2010, shareholders may be able to sell their shares to certain broker-dealers, but there can be no assurance that there will be a market for the funds.

All shareholders remaining on 17 September 2010 will receive a cash distribution into their brokerage account representing the value of their shares as of that date, which will also include any capital gains and dividends.

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