The Claymore ETFs have been selected as underlying investments within the collective investment fund structure of the Target Date Blueprint Funds, which are bank collective investment funds managed by Fiserv Trust Company, the company said.
The Target Date Blueprint Funds may invest in Claymore ETFs, other ETFs, and mutual funds in order to seek to optimize the asset allocation for individuals’ varying retirement dates between 2010 and 2050. Unlike other target date funds that typically depend on four major asset classes (cash, fixed income, U.S. equity, and foreign developed equity), the Target Date Blueprint Funds currently use 11 asset classes, providing exposure to low correlation assets, which can potentially reduce expected volatility, Claymore said, in an announcement.
The Claymore ETFs currently included as underlying investments in the Target Date Blueprint Funds are:
- Claymore/Ocean Tomo Patent ETF,
- Claymore/Great Companies Large-Cap Growth Index ETF,
- Claymore/Ocean Tomo Growth Index ETF,
- Claymore/Zacks Yield Hog ETF,
- Claymore/Zacks Mid Cap Core ETF,
- Claymore/Sabrient Stealth ETF,
- Claymore/Robeco Developed International Equity ETF, and
- Claymore/BNY BRIC ETF.
“This open architecture structure using both passive and active management styles creates portfolios that more closely resemble those found in a typical defined benefit plan,” said Mark Tucker, Managing Director, Claymore Securities, in the announcement.
More about Fiserv’s Blueprint Funds is at www.blueprintfunds.com.