Claymore has listed seven ETFs on NYSE Arca, tracking a range of investment grade corporate bond indices with different maturities.
The Claymore BulletShares 2011 Corporate Bond ETF replicates the BulletShares USD Corporate Bond 2011 index, comprising 154 bonds with effective maturities in 2011.
The Claymore BulletShares 2012 Corporate Bond ETF tracks the respective index consisting of bonds with effective maturities in 2012.
The remaining funds replicate BulletShares corporate bond indices, with maturity dates from 2013 to 2017.
Claymore says the funds allow advisers to build laddered portfolios with diversification, and fill in the gaps of existing bond portfolios.
The ETF also provides the potential for cash distributions of income during the life of the ETF, while the principal at the ETF's maturity can be put towards retirement.
Claymore Securities managing director William Belden says: "The funds consist of comprehensive portfolios of corporate bonds with similar effective maturities.
"When used individually or in combination, the funds provide investors the opportunity to structure portfolios of corporate bonds based upon their lifestyle-driven investment needs."
The firm says these ETFs offer the benefits relative to investing in individual corporate bonds, as well as diversification, exchange-traded liquidity, professional management and access to bonds that may otherwise be unavailable.
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