AddThis Social Bookmark Button

News

Claymore Launches First Shipping ETF (SEA)

LISLE, Ill.-(Business Wire)-August 25, 2008 - Claymore Securities, Inc., the third-fastest growing exchange-traded fund provider in 2007*, today announced the launch of the Claymore/Delta Global Shipping Index ETF (NYSE Arca: SEA) on NYSE Arca. SEA is the first shipping ETF that provides investors with a cost-efficient means of accessing the rapidly growing global shipping sector.

β€œMaritime shipping is the primary means of international transportation for raw materials and finished goods, and we are pleased to be the first ETF provider to offer investors access to a global portfolio of 30 maritime shipping stocks with a current combined market cap near $50 billion,” said Christian Magoon, President of Claymore Securities, Inc. β€œAs the latest in our series of industry firsts, SEA exemplifies the innovation Claymore strives to deliver to the marketplace.”

The ETF will seek to replicate 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 the seaborne transport of goods or the operating and/or leasing of ships. Additionally, constituents must have market capitalizations of at least $250 million and a 30-day average daily trading volume of at least $2 million.

β€œThe maritime shipping industry has been growing exponentially thanks to increased participation in global trade by emerging economies like China, India and Brazil,” said Chip Hanlon, Chairman and Chief Executive Officer of Delta Global Indices, LLC. β€œWith approximately 80% of all shipments being transported by water, the increase in demand has pushed shipping activity up considerably and gained significant interest among investors.”

SEA is listed on NYSE Arca and trades the same way as shares of a publicly traded company. SEA and other Claymore ETFs can be purchased through most brokerage accounts. They can be bought and sold throughout the day on NYSE Arca or the American Stock Exchange, depending on the ETF listing, during normal trading hours. The Fund issues and redeems Shares at NAV only in large blocks of 80,000 of Shares (each block of Shares called a β€œCreation Unit”) or multiples thereof. Only broker-dealers or large institutional investors with creation and redemption agreements and called Authorized Participants (β€œAPs”) can purchase or redeem these Creation Units.

*Source: Claymore Securities, Inc., Bloomberg 2007 ETF data

Please see www.claymore.com/sea and the prospectus for more information. Investors buying or selling ETF shares on the secondary market may incur brokerage costs and other transactional fees. Shares of ETFs will 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 Fund.

About Claymore Securities

Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.4 billion in assets as of June 30, 2008. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as investment adviser to the Fund.

About Delta Global Indices:

Delta Global Indices, LLC is a wholly-owned subsidiary of Delta Global Advisors, Inc., a federally-registered investment advisor. Delta Global Advisors is focused on providing specialized global investment strategies and consulting on specialized investment themes with institutional clients. Charles β€œChip” Hanlon, founder and president of Delta Global Advisors, is a widely-followed authority on foreign markets, currencies and Commodities. For more information, visit www.deltaga.com.

Risk Considerations

There can be no assurance that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including possible loss of principal. As the Index is comprised of issuers in the global shipping industry, it presents more risks than if it were broadly diversified over numerous industries and sectors of the economy. Companies in the global shipping industry are subject to volatile fluctuations in the price and supply of energy fuels, steel, raw materials and other products transported by containerships. In addition, changes in seaborne transportation patterns, weather patterns and events including hurricane activity, commodities prices, international politics and conflicts, port congestion, canal closures, embargoes and labor strikes can significantly affect companies involved in the maritime shipping of crude oil, dry bulk and container cargo. The Fund's investments in non-U.S. issuers may involveΒ unique risks such as currency, political, and economic risk, as well as less market liquidity, generally greater market volatility and less complete financial information that for U.S. issuers. Investing in securities of small and medium-sized companies involves greater risk as these stocks may be more volatile and less liquid than those of larger or more established companies and may have returns that vary, sometimes significantly, from the overall stock market. An investment in the Fund involves additional risk including but not limited to: Non-Correlation Risk, Replication Management Risk, Issuer-Specific Changes, and Non-Diversified Fund Risk. Please refer to the Fund’s prospectus for more complete information.

The Fund is not sponsored, endorsed, sold or promoted by Delta Global Indices, LLC (β€œLicensor”). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Delta Global Shipping Index (β€œIndex”) to track general market performance. Licensor’s only relationship to Claymore Advisors, LLC (β€œLicensee”) is the licensing of the Index which is determined, composed and calculated by Licensor without regard to the Licensee or the Fund. Licensor has no obligation to take the needs of the Licensee or the owners of the Fund into consideration in determining, composing or calculating the Index. Licensor shall not be liable to any person for any error in the Index nor shall it be under any obligation to advise any person of any error therein.

Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETF carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETF. Please read the prospectus carefully before you invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc.

NOT FDIC - INSURED β€’ NOT BANK - GUARANTEED β€’ MAY LOSE VALUE

Claymore Securities, Inc. β€’ 2455 Corporate West Drive β€’ Lisle, Illinois 60532

1-888-949-3837 β€’ www.claymore.com

Member FINRA/SIPC 8/08

Join Our Email List
Receive Updates On Features, Specials & Offers  
For Email Marketing you can trust

Search Our News Using Google Search

Can't find what you want? Try using Google:

Google