Claymore Shipping ETF Provides Investors Access to Shipping Companies

Claymore Shipping ETF Provides Investors Access to Shipping Companies


Business Wire

LISLE, Ill. -- June 11, 2010
Claymore Securities Inc., announced today the launch of the Claymore Shipping ETF (NYSE Arca: SEA), (the “Fund”), on the NYSE Arca. SEA is expected to reclaim the position held by Claymore’s previous shipping ETF as the largest, most actively traded US-listed shipping ETF, by providing investors with a cost-efficient means of broadly accessing the rapidly growing global maritime shipping industry.
“We are pleased to be launching the Claymore Shipping ETF, which will provide investors with cost-efficient and broad access to the global shipping industry,” said William Belden, Managing Director, Claymore Securities, Inc. “Because our first shipping ETF was so popular with investors and advisors, the successor fund largely mirrors its structure and seeks to track the performance of the same index.”
The Fund seeks to replicate the performance, before the Fund’s fees and expenses, of 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 operating or leasing ships or from the transportation of goods via ship. Additionally, index constituents must have at least $250 million in market capitalization and a 30-day average daily trading volume of at least $2 million.