Can Claymore move outside of niche products and capture the core of the market?
A survey of current SRI (ESG) index and passive asset class funds.
There’s little question: The exchange-traded fund industry is booming. At the end of November 2009, U.S. ETF assets hit a new all-time high, of $752 billion, and inflows into ETFs were set to top $100 billion for the year. Based on prevailing expense ratios alone, the industry was earning $2.62 billion in annual fees.
Claymore, a company known for providing interesting “satellite” exchange-traded funds, is making a play for the core section of the market.
I admit it: When I saw the news last week about FaithShares launching two brand-new Christian-themed ETFs, I did a bit of a double take.