Products February 12, 2008

Claymore Announces U.S. Capital Markets ETFs

Claymore Securities Inc. on Tuesday launched three broad market exchange-traded funds (ETFs) representing the value of the U.S. capital markets as a whole.
Reported by
The offerings, which launched on the American Stock Exchange, include:
  • the Claymore U.S.-1 – The Capital Markets Index ETF (UEM),
  • the Claymore U.S. Capital Markets Bond ETF (UBD), and
  • the Claymore U.S. Micro-Term Fixed Income ETF (ULQ)
According to a press release, Claymore said the CPMKTS Capital Markets Index family, developed by Dorchester Capital Management LLC, is the only set of indexes available that represents the three key segments of the US capital markets – stocks, investment grade bonds, and liquidity instruments – and tracks the relationship of the segments to each other.
The Claymore U.S.-1 – The Capital Markets Index ETF seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of the CPMKTS – The Capital Markets Index, which includes equity, fixed income, and money market securities. The Index is designed to be a long term measure of the three segments of the U.S. investment grade capital markets.
The Claymore U.S. Capital Markets Bond ETF seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of a fixed income securities index called CPMKTB – The Capital Markets Bond Index. The Index is designed to be a long-term measure of the performance of the U.S. investment grade bond markets.
The Claymore U.S. Micro-Term Fixed Income ETF seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of a money market and short-term fixed income securities index called CPMKTL – The Capital Markets Liquidity Index. The Index is designed to represent the traditional investment grade securities in the U.S. money markets and in the micro-term fixed income capital markets. The fund is not a money market fund and thus does not seek to maintain a stable net asset value of $1.00 per share, Claymore explained.
More information is at www.claymoresecurities.com.

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