Claymore & Zacks unveil ETFs

Claymore Securities Inc. has teamed up with Zacks Investment Research to launch two exchange traded funds on the American Stock Exchange today. The Claymore/Zacks Country Rotation (CRO) fund seeks investment results that correspond to the performance of the Zacks Country Rotation Index. The Index is comprised of 200 stocks from a universe of international companies based in countries included in the MSCI EAFE Index and including Canada, with the exclusion of companies based in Greece. The Claymore/Zacks International Yield Hog (HGI) seeks investment results that correspond to the performance of the Zacks International Yield Hog Index. The Index is comprised of 150 stocks selected from a universe of international companies, global Real Estate Investment Trusts, master limited partnerships, Canadian royalty trusts, American depositary receipts of emerging market companies and U.S. listed closed-end funds that invest in international companies. Both funds will normally invest at least 90% of its total assets in common stock and American Depositary Receipts that comprise the Index. Both indexes are adjusted on a semiannual basis. Lisle, Ill.-based Claymore Securities now has 29 ETFs and approximately $17 billion in assets as of May 31. Zacks Investment Research Inc. is based in Chicago.