CLAYMORE EXCHANGE TRADED FD (AMEX:CVY)
Closed End Fund Company
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great dividend tracks the market well
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based on the recent strength of higher oil prices alone, this one will go as far as the market, whether bear rally or recovery...not for hi-yield so much as equity
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I thought this would outperform SPY slightly, holding companies that are similar but with the highest dividends. So far, not so good--my score is negative on this pick.
The market has been on a tear lately, reaching new highs... maybe CVY will do better than SPY when the downturn comes, and investors go for the relative stability of dividend-paying stocks.
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