Products August 25, 2008

Claymore Takes to the High Seas with Shipping ETF

ETF provider Claymore Securities, Inc., unveiled the Claymore/Delta Global Shipping Index ETF available on the New York Stock Exchange (NYSE).
Reported by

According to a news release, the new offering is the first shipping ETF that provides investors with a means of accessing the rapidly growing global shipping sector.

The ETF will seek to replicate the Delta Global Shipping Index, which was developed and is maintained by Delta Global Indices, LLC, a wholly owned subsidiary of Delta Global Advisors, Inc.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

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.

The fund (ticker: SEA) issues and redeems Shares at NAV only in large blocks of 80,000 shares (each block of shares is called a ‘creation unit”) or multiples thereof. Only broker/dealers or large institutional investors with creation and redemption agreements and called authorized participants (APs) can purchase or redeem these creation units, the release said.

Products August 25, 2008

Schwab Online Tool Provides Generational Comparisons

An online survey tool created by Charles Schwab&Co., Inc., will let you compare your retirement preparations with others of your generation.
Reported by

Participants are greeted with the question, “How much money do you think you need to retire?” followed by “What year were you born?’

Users are then presented with a graph and statistical summary of how their personal response compares to those of other members of their respective generation. As each question is completed, their response is compared to the total results collected in real-time. Users have the option of viewing the survey responses of all four generations as well.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Visitors to the site are asked to respond to 12 questions selected from the original Rethinking Retirement study (see Generation(s) Dissatisfied and Four Generations Agree: We Need More Advice).

At the conclusion of the study, participants are able to print out their full results. Additionally, they are provided with links to a variety of Schwab resources for retirement advice:

  • help for individuals through Schwab’s retirement consultants,
  • help for employers through Schwab’s Corporate and Retirement Services, and
  • help for independent advisors through Schwab’s Institutional Services.

You can access the survey at rethinkingretirement.schwab.com/survey.

«