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Wednesday, July 11, 2007

Claymore Adds Two to ETF Menu

News summary by MFWire's editors

Claymore Securities on Wednesday unveiled two international ETFs. The Claymore/Zacks Country Rotation ETF (AMEX: CRO) and the Claymore/Zacks International Yield Hog Index ETF (AMEX: HGI) bring the total number of Claymore's ETF offerings to 29.


Claymore Securities, Inc. today announced the launch of two new Exchange-Traded Funds (ETFs), the Claymore/Zacks Country Rotation ETF (AMEX: CRO) and the Claymore/Zacks International Yield Hog Index ETF (AMEX: HGI). This brings the firm’s total number of ETFs to 29 since entering the ETF market in September of 2006.

“From the inception of Claymore's ETF product line, we have partnered with what we believe to be ‘best-in-class’ index providers, such as Zacks Investment Research, Inc.,” said Christian Magoon, Senior Managing Director at Claymore Securities, and head of the firm’s ETF group. “Claymore continues to deliver access to innovation with the industry's first country rotation ETF (CRO) and the first international income-oriented multiple asset class ETF (HGI).”

Claymore/Zacks International Yield Hog Index ETF (AMEX: HGI)

The Fund seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an index called the Zacks International Yield Hog Index. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before expenses, the performance of the Zacks International Yield Hog Index. The Index is comprised of 150 stocks selected, based on investment and other criteria, from a universe of international companies, global REITs, master limited partnerships, Canadian royalty trusts, American depositary receipts (“ADRs”) of emerging market companies and U.S. listed closed-end funds that invest in international companies. The companies in the universe are selected using a proprietary strategy developed by Zacks Investment Research, Inc. The Fund will normally invest at least 90% of its total assets in stocks that comprise the Index. The Zacks International Yield Hog Index selection methodology is designed to identify companies with potentially high income and superior risk-return profiles as determined by Zacks. The Index is designed to select a diversified group of stocks with the potential to outperform the MSCI EAFE Index and other benchmark indices on a risk adjusted basis. The Index constituent selection methodology utilizes multi-factor proprietary selection rules to identify those stocks that offer the greatest potential from a yield and risk/return perspective. The approach is specifically designed to enhance investment applications and investability. The Index is adjusted semi-annually.

Claymore/Zacks Country Rotation ETF (AMEX: CRO)

The Fund seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Zacks Country Rotation Index. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before expenses, the performance of the Zacks Country Rotation Index. The Index is comprised of 200 stocks selected, based on investment and other criteria, from a universe of international companies based in countries included in the MSCI EAFE Index and including Canada, with the exclusion of companies based in Greece. The companies in the universe are selected using a proprietary methodology developed by Zacks Investment Research, Inc. The Fund will normally invest at least 90% of its total assets in common stock and ADRs that comprise the Index. The Zacks Country Rotation Index uses a proprietary quantitative methodology developed by Zacks to seek to determine those countries with potentially superior risk-return profiles and within those countries select a basket of stocks. The Index is designed to select and weight a group of stocks which have the potential on a risk-adjusted basis to outperform the MSCI EAFE Index and other developed international benchmark indices. The Index constituent selection methodology utilizes multi-factor proprietary selection rules to identify those countries that offer the greatest potential from a risk/return perspective. The approach is specifically designed to enhance investment applications and investability. The Index is adjusted semiannually.

About Claymore Securities

Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of May 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $17 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchanged-traded funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the Fund.

About Zacks Investment Research

Zacks Investment Research, Inc. has more than 25 years of experience in providing institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Today Zacks receives daily electronic data feeds and printed research reports on over 10,000 companies from over 200 brokerage firms, produced by more than 3,500 analysts amounting to over 500,000 pages of brokerage research. In addition, Zacks records 25,000 earnings estimate revisions and changes in broker recommendations weekly. Additional information can be found at www.zacks.com.  

Edited by: Armie Margaret Lee


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