The ETF division of Claymore Securities has reached the $1 billion in assets under management. Claymore entered the ETF market last September with five ETFs. The total AUM at Claymore as of July 19 is $1.08 billion.

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Claymore Securities, Inc. today announced that the firm’s U.S. exchange-traded fund (ETF) group has reached more than $1 billion in assets under management in just 10 months. Claymore first entered the ETF market on September 21, 2006, when the firm launched five ETFs, among them the first BRIC (Brazil, Russia, India, China) ETF, Claymore/BNY BRIC ETF (AMEX: EEB) and the first sector rotation ETF, Claymore/Zacks Sector Rotation ETF (AMEX: XRO). Since then, the firm has launched a number of other ETF “firsts,” including the first global water ETF, Claymore S&P Global Water Index ETF (AMEX: CGW) and the first U.S.-listed Canadian energy income ETF, Claymore/SWM Canadian Energy Income Index ETF (AMEX: ENY). Currently, Claymore offers 29 ETFs.

In April 2007, Claymore Securities, Inc. established the ETF Group as a focused business unit with dedicated marketing and a separate sales force. Since then, Claymore ETF assets have more than doubled to $1.08 billion as of July 19, 2007. Claymore Securities, Inc., together with Claymore Investments, Inc., has more than $1.5 billion in ETF assets under management as of July 19, 2007. Claymore Investments, Inc. is a Canadian-registered investment manager and is an affiliate of Claymore Securities, Inc.

Christian Magoon, Senior Managing Director, leads the recently established U.S. ETF Group of Claymore Securities, Inc., “One billion dollars in ETF assets is just the first step in Claymore’s ETF journey,” said Magoon. “Moving forward, we feel we are positioned for even greater growth because of the access to innovation that distinguishes Claymore ETFs from other ETF providers.”

The Claymore ETF Group has relocated to its own headquarters at 2100 Enterprise Avenue, in Geneva, Illinois, 60134; 630-463-4000. The group also launched a new toll-free telephone number specifically for financial advisors interested in ETFs: 1-888-WHY-ETFS (1-888-949-3837).

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 June 30, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $18 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchange-traded funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the Claymore ETFs.

Risks and Other Considerations

This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. An investment in the various Claymore ETFs is subject to certain risks and other considerations. The Funds mentioned above are subject to the following risks:

Investment Risk: An investment in the Fund is subject to investment risk, including the possible loss of the entire principal amount that you invest.

Equity Risk: The risk that the value of the securities held by the Funds will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Funds invests.

Foreign Investment Risk: The Funds’ investments in non-U.S. issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S issuers.

Non-Correlation Risk: The Funds’ return may not match the return of the index for a number of reasons. For example, the Funds incur a number of operating expenses not applicable to the index, and incur costs in buying and selling securities, especially when rebalancing the Funds’ securities holdings to reflect changes in the composition of the index.

Replication Management Index: Unlike many investment companies, the funds are not “actively” managed. Therefore, it would not necessarily sell a stock because the stock’s issuer was in financial trouble unless that stock is removed from the index.

Issuer-Specific Changes: The value of an individual security or particular type of security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole. The value of securities of smaller issuers can be more volatile than that of larger issuers.

Non-Diversified Fund Risk: The Funds are considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Claymore/BNY BRIC ETF (EEB) is also subject to geographic concentration risk. The Fund is more susceptible to such risks affecting issuers of securities from Brazil, Russia, India, and China than a fund that does not limit its investments to such issuers. Please read the prospectus carefully for more detailed information on the risk specifically related to the individual countries.

Claymore/Zacks Sector Rotation ETF (XRO) is also subject to risks including: Sector Concentration Risk, Finance Sector Risk and Portfolio Turnover Risk.

Claymore/S&P Global Water Index ETF (CGW) is exposed to the risk of adverse developments in the water industry may significantly affect the value of the securities held by the Fund.

Claymore/SWM Canadian Energy Income Index ETF (ENY), which invests in Canadian royalty trusts and stocks listed on the TSX is also subject to the following risks: Commodity Exposure Risk, Reliance on Exports Risk, U.S. Economic Risk and Structural Risk (Political Risk).

In addition to the risks described above, there are certain other risks related to investing in ETFs. These risks, as well as additional risks specific to a particular ETF, are described further in each ETF’s respective prospectus. Please read the prospectus for more detailed information.

Claymore ETFs are listed on the American Stock Exchange (“AMEX”) the same way as shares of a publicly-traded company. Claymore ETFs can be purchased through any brokerage account. They can be bought and sold throughout the day on the AMEX during normal trading hours.

The Funds issue and redeem shares at NAV only in large blocks of varying amounts of shares (each block of shares is called a “Creation Unit”), or multiples thereof. The Creation Unit size for all Claymore ETFs — except for CGW and ENY — is 50,000 shares. The Creation Unit size for CGW and ENY is 200,000 shares. Only broker-dealers or large institutional investors with creation and redemption agreements, called Authorized Participants (“APs”), can purchase or redeem these Creation Units.

The investors buying or selling ETF shares on the secondary market may incur brokerage costs and other transactional fees. Shares of ETFs may fluctuate in price due to daily changes in trading volume. At times, shares may not have a high volume of trading. Except when aggregated in Creation Units, Shares are not redeemable securities of the Funds.

For Claymore’s Global ETFs: Please also note that deliveries of Fund Securities to redeeming investors generally will be made within 3 Business Days. Due to the schedule of holidays in certain countries, however, the delivery of in-kind redemption proceeds may take longer than 3 business days after the day on which the redemption request is received in proper form. In such cases, the local market settlement procedures will not commence until the end of the local holiday periods. See the Funds’ SAI for a relevant list of the local holidays in the foreign countries.

No index provider guarantees the quality, accuracy and/or the completeness of the index or any data included therein. No index provider makes any warranty, express or implied, as to results to be obtained by licensee, owners of the product, or any other person or entity from the use of the index or any data included therein in connection with the rights licensed hereunder or for any other use. No index provider makes any express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall any index provider have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

The individual index providers determine, compose and calculate the index without regard for the respective products. The products are not sponsored, endorsed, sold or promoted by any index provider. The index providers have no obligation or liability regarding the administration, marketing or trading of the products, and make no representation or warranty to the owners of the product, or to any member of the public, regarding investing in securities generally or in the products particularly.

Standard & Poor’s® and S&P® are registered trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Claymore Securities, Inc.

Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETFs carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest or send money.

For more information, please contact a securities representative or Claymore Securities, Inc., 2100 Enterprise Avenue, Geneva, IL 60134, 630-463-4000. www.claymore.com/etfs.

NOT FDIC - INSURED -- NOT BANK - GUARANTEED -- MAY LOSE VALUE  

Edited by: Erin Kello


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