Claymore/Delta Global Shipping Index ETF Lists on NYSE Arca, the Largest Exchange in ETF and ETN Listings and Assets Under Management
NEW YORK.–NYSE Euronext (NYX) today announced the listing of the Claymore/Delta Global Shipping Index ETF on NYSE Arca, the largest exchange in ETF and ETN listings and assets under management. As an industry leader in ETF and ETN listings and trading, exchange traded products listed on NYSE Arca represent 55% of ETF and ETN assets under management in the U.S., nearly $591 billion, the most of any exchange.
The Claymore/Delta Global Shipping Index ETF (NYSE Arca: SEA ), using a low cost “passive” or “indexing” investment approach, is designed to replicate, before the Fund’s fees and expenses, the performance of the Delta Global Shipping Index which measures the performance of companies listed on global developed market exchanges within the maritime shipping industry.
The index, provided by Delta Global Indices, LLC, defines developed markets as countries with western-style legal systems, transparent financial rules for financial reporting and sophisticated, liquid and accessible stock exchanges with readily exchangeable currencies. This category currently consists of the major stock exchanges in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United States or the United Kingdom.
The market capitalizations of stocks included in the Index currently range from $324 million to $26.9 billion, which includes small-, mid- and large-capitalization stocks as defined by Delta Global Indices, LLC. The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index.
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 271 primary ETF and 79 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs.
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