Claymore announced the listing of the Claymore/Raymond James SB-1 Equity ETF (RYJ). The new ETF tracks the SB-1 Equity Index which is composed of all equity securities rated Strong Buy 1 (“SB-1”) by Raymond James & Associates.
Claymore Advisors, LLC today announced that the Board of Trustees of Claymore/Raymond James SB-1 Equity Fund, a diversified closed-end fund (NYSE:RYJ), has approved in principle the conversion of the Fund into an exchange-traded fund (“ETF”) and is further considering the process by which such conversion would be implemented.