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, Random Roger (172 clicks)
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Roger Nusbaum submits: I had an article publish on TheStreet.com yesterday about the Claymore/Zacks Yield Hog ETF (NYSEARCA:CVY). I don't usually mention the articles I write for TSCM, but this fund is interesting and unique. As a client said he likes the idea, as I mention in the article, of letting it age a little bit but my initial reaction is positive.

The fund owns stocks, closed end funds, ADRs, preferred stocks, MLPs, pretty much anything. It is simply trying to capture yield where it can find it. The plus to this is that the product is intended to yield double what the other dividend ETFs yield. The negative is that it may be difficult to incorporate into a diversified portfolio because it really is a hodge podge of holdings.

The back tested results are outstanding. I will be curious to see if the fund can live up to the back test.

Related: Seeking Alpha's coverage of new ETFsClaymore's CVY ETF -- Moving ETFs From 'Sector' to 'Strategy'

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Source: Yield Hog: Claymore's Newest ETF