Press Releases
Claymore Re-Introduces A Global Maritime Shipping ETF
Claymore Securities Inc., announced today the launch of the Claymore Shipping ETF (NYSE Arca: SEA), (the “Fund”), on the NYSE Arca. SEA is expected to reclaim the position held by Claymore’s previous shipping ETF as the largest, most actively traded US-listed shipping ETF, by providing investors with a cost-efficient means of broadly accessing the rapidly growing global maritime shipping industry.
“We are pleased to be launching the Claymore Shipping ETF, which will provide investors with cost-efficient and broad access to the global shipping industry,” said William Belden, Managing Director, Claymore Securities, Inc. “Because our first shipping ETF was so popular with investors and advisors, the successor fund largely mirrors its structure and seeks to track the performance of the same index.” The Fund seeks to replicate the performance, before the Fund’s fees and expenses, of the Delta Global Shipping Index (Index Ticker: DGAGSI) which was developed and is maintained by Delta Global Indices LLC, a wholly-owned subsidiary of Delta Global Advisors Inc. The Delta Global Shipping Index includes companies that derive at least 80% of their revenues from operating or leasing ships or from the transportation of goods via ship. Additionally, index constituents must have at least $250 million in market capitalization and a 30-day average daily trading volume of at least $2 million. For more information on Claymore Shipping ETF please visit www.claymore.com/SEA. About Claymore Securities Claymore Securities, Inc. offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Claymore often leads its peers with creative investment strategy solutions. In total, Claymore entities provide supervision, management, or servicing on approximately $15.9 billion in assets as of March 31, 2010. Claymore Securities, Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as the Funds’ investment adviser.TheStreet Premium Services
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