• ETF tracks S&P Global Water Index
LISLE, IL, May 14, 2007 -- Claymore Advisors, LLC today launched the Claymore S&P Global Water Index ETF (AMEX:CGW) on the American Stock Exchange. The Claymore S&P Global Water Index ETF tracks an index that is distributed equally between two distinct clusters of water-related businesses: water utilities and infrastructure, and water equipment and materials.
"We believe that a global investing perspective effectively capitalizes on the breadth of opportunities that exist in the water sector," said Christian Magoon, Senior Managing Director, Claymore Securities, Inc, an affiliate of Claymore Advisors, LLC. "S&P has created a robust and transparent index methodology that seeks to capture companies with significant revenues coming from water-oriented businesses," he continued. "The launch of the Claymore S&P Global Water Index ETF allows investors to participate in this ever-important area of the market."
"Research has identified the global need for clean water, creating an equally global, emerging opportunity for investment. We believe that our ETF offers investors a unique opportunity to access this investment theme by investing in foreign and domestic stocks," Magoon said. "Unlike other water-related investment products, the Claymore ETF provides liquid exposure to the leading publicly listed companies from developed markets in the global water industry."
The Claymore S&P Global Water ETF (AMEX:CGW) seeks investment results that correspond generally to the performance, before the respective Fund's fees and expenses, of an equity index called the S&P Global Water Index. The index is comprised of 50 equity securities selected from a universe of companies listed on global developed market exchanges and based on the relative importance of the global water industry within those companies' business models. The index is designed to have a balanced representation from different segments of the water industry consisting of the following two clusters: 25 Water Utilities and Infrastructure companies (water supply, water utilities, waste water treatment, water, sewer and pipeline construction, water purification, water well drilling and water testing) and 25 Water Equipment and Materials companies (water treatment chemicals, water treatment appliances, pumps and pumping equipment, fluid power pumps and motors, plumbing equipment, totalizing fluid meters and counting devices) based upon Standard & Poor's Capital IQ ("CIQ) industry classification.
Companies included in the Index have market capitalizations ranging from US$250 million to US$25 billion and the Fund will normally invest at least 90% of its total assets in common stocks and ADRs that comprise the Index. The Index is rebalanced annually.
Claymore Securities Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients.
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs.
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