New exchange-traded fund features make all Claymore ETFs more attractive by reducing the costs associated with their purchase. Briefly, the 3 new services follow:
SWP - The no-cost systematic withdrawal plan allows regular fixed withdrawals from your ETFs.
DRIP - Investors have their ETF dividends automatically reinvested in more (whole) shares at no cost - or you can accept cash instead.
PACC - Monthly, quarterly or annual purchases can be made with the preauthorized cash contribution, without paying a commission. Investors must purchase at least one share of the ETF and enroll in the plan. This initial cost will depend on the brokerage fee charged for the first purchase.