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Rating:New ETF offering is All Wet Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, May 14, 2007

New ETF offering is All Wet

News summary by MFWire's editors

Another day, another new ETF. Today, Claymore Securities launched the Claymore S&P Global Water Index ETF, an ETF designed to track the performance of the S&P Global Water Index.

The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in the Claymore S&P Global Water Index ETF (Symbol: CGW) by Claymore Securities, Inc. (Claymore), the first ETF to track the performance of the global water industry.

CGW seeks to track (before fees and expenses) the performance of the S&P Global Water Index(R). The Index is comprised of 50 equity securities selected from a universe of companies listed on global developed market exchanges. The universe of companies includes all companies, as classified by Standard & Poor's Industry Classifications, associated with the global demand for water including water utilities, infrastructure, equipment, instruments and materials. Companies included in the Index have market capitalizations ranging from $250 million to $25 billion as defined by S&P.

"Claymore is a respected leader in providing investors with innovative products for their portfolios," said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. "The Amex takes great pride in welcoming Claymore's 21st ETF listing to the Exchange."

Goldman Sachs Execution & Clearing, LP is the specialist for CGW.

About the American Stock Exchange

The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 309 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com 

Edited by: Erin Kello

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