WMCR: Trying to Cheat Deathwatch
August 24, 2010 at 16:19 PM EDT
Representatives of most ETF firms don’t like seeing their products on ETF Deathwatch, although some follow the “any publicity is good publicity” theory. Then there is Claymore, a firm that seems to take avoiding ETF Deathwatch to great extremes. Last Friday (8/20), a Claymore press release trumpeted the “launch” of a new ETF – the Claymore Wilshire Micro-Cap ETF (WMCR). However, when I checked with the NYSE and Nasdaq, they informed me there were no new listings from Claymore on Friday. A quick check of my quote screen did show a security trading with that ticker symbol, but its name was identified as the Claymore/Sabrient Stealth ETF. Upon further investigation it was revealed that Claymore is staging another Extreme Makeover: ETF Edition. You may recall that in late July 2009 Claymore/Great…