American Stock Exchange Launches Four New Claymore ETFs
15 Diciembre 2006 - 8:58AM
PR Newswire (US)
NEW YORK, Dec. 15 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in four new
exchange traded funds (ETFs) from Claymore Securities, Inc.
(Claymore). The four new Claymore ETFs give investors an
opportunity to invest in the first ETF to track an index based on
the value of corporate intellectual property, the first ETF of
stocks that are more likely to perform well in weak market
conditions, the first ETF to capture the spin-off effect and an ETF
that tracks diversified environmentally-responsible companies.
These ETFs are each based on different equity indexes from Ocean
Tomo, Sabrient Systems LLC, Clear Indexes LLC and Light Green
Advisors, LLC. "The Amex is proud to be working with Claymore on
these unique ETF offerings," said Cliff Weber, Senior Vice
President of the ETF Marketplace. "Claymore has created innovative
products that offer investors new opportunities. We are pleased to
have been selected to list these four new exchange traded funds."
Claymore/Ocean Tomo Patent ETF (OTP) OTP seeks investment results
that correspond generally to the performance of the Ocean Tomo
300(TM) Patent Index and is the first ETF to invest in an index
based on the value of corporate intellectual property. The index,
which is priced and published by the Amex, identifies those
companies across the style and capitalization spectrum with the
highest ratio of patent value to book value, as determined by Ocean
Tomo's PatentRatings(TM) System. This diversified market-weighted
index is comprised of 300 common stocks, selected from a broad
universe of U.S.-traded stocks, which own valuable patents.
Claymore/Sabrient Defender ETF (DEF) DEF seeks investment results
that correspond generally to the performance of the Sabrient
Defensive Equity Index and is the first defensive equity ETF to
offer the potential upside of the equity markets while seeking to
reduce the downside risks associated with equity investing. The
index is designed to identify companies with potentially superior
risk/return profiles as determined by Sabrient Systems LLC during
periods of weakness in the markets and/or the American economy
overall. The index is comprised of approximately 100 stocks
selected, based on investment and other criteria, from a broad
universe of U.S.-traded stocks and American Depository Receipts
("ADRs"). Claymore/LGA Green ETF (GRN) The Claymore/ LGA Green ETF
is based on the Light Green Advisors Eco* Index(TM). The index is
comprised of approximately 225 stocks selected, based on investment
and other criteria from a broad universe of U.S.-traded stocks and
ADRs with representation from all economic sectors. Claymore/Clear
Spin-Off ETF (CSD) CSD seeks investment results that correspond
generally to the performance of the Clear Spin-off Index and is the
first ETF to track companies that have been spun off from larger
companies. Spin-off companies historically have been able to focus
more on their core business and thus unlock their true market
value. This process can be described as the spin-off effect. The
index is designed to identify companies with potentially superior
risk/return profiles, as determined by Clear Indexes LLC, that have
been spun-off from larger corporations and have the opportunity to
outperform, on a risk-adjusted basis, the Russell Midcap(R) Growth
Index and other small-cap-oriented benchmark indexes. The
specialist for the four new exchange traded funds is Goldman Sachs
Execution & Clearing, LP. The specialist for the options on the
four ETFs is LaBranche Structured Products, LLC. About the American
Stock Exchange The American Stock Exchange(R) (Amex(R)) offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 221 ETFs to date. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/
DATASOURCE: American Stock Exchange CONTACT: Melanie Jacobus,
American Stock Exchange, +1-212-306-1640, Web site:
http://www.amex.com/
Copyright