Source

New EFT
Quote: “Claymore Advisors LLC, a subsidiary of Claymore Group Inc., has filed its first five ETFs with regulators to launch on the American Stock Exchange, pending regulatory approval.”

The idea for this EFT is to invest in unpopular stocks
The strategy is to actively represent a group of stocks that are ‘flying under the radar screen’ of Wall Street’s analysts, but which have displayed robust growth characteristics. The goal is to beat the Russell 2000 Index adjusted for risk.

Mantra from the sellers of this EFT:
Quote: ” Scott Martindale, senior managing director at Sabrient, said there is substantial research in the academic world about the “neglected-stock effect. Stocks that are not heavily followed and not widely owned tend to be available at a lower price and outperform over time.
Most of the stocks will be culled from the small and microcap range with market capitalization under $1 billion, according to filings. Martindale said companies in the index will have either one or no analysts covering the stock. “