Claymore Investments announces the launch of the Claymore S&P Global Water ETF on TSX
TORONTO, June 4 /CNW/ - Claymore Investments, Inc. is pleased to announce the launching of the Claymore S&P Global Water ETF (TSX: CWW) to begin trading today on the Toronto Stock Exchange (TSX). The Claymore S&P Global Water ETF is comprised of a group of companies distributed equally among two distinct clusters of water-related businesses: (i) Water Utilities & Infrastructure and (ii) Water Equipment & Materials.
"We are excited about the launch of this new ETF that seeks to provide exposure to the global water industry," said Som Seif, President and CEO of Claymore Investments, Inc., Canada. "We believe nothing is more essential than water and the need for more reliable sources is very strong. We believe the increasingly tighter supply of clean, fresh water is driving greater infrastructure spending in the sector and may create good opportunities for long-term investors".
The Claymore S&P Global Water ETF (TSX: CWW) seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the S&P Global Water Index. The index is comprised of 50 equity securities selected from a universe of companies listed on global developed market exchanges and based on the relative importance of the global water industry within those companies' business models. The index is designed to have a balanced representation from different segments of the water industry consisting of the following two clusters: 25 Water Utilities and Infrastructure companies (water supply, water utilities, waste water treatment, water, sewer and pipeline construction, water purification, water well drilling and water testing) and 25 Water Equipment and Materials companies (water treatment chemicals, water treatment appliances, pumps and pumping equipment, fluid power pumps and motors, plumbing equipment, totalizing fluid meters and counting devices) based upon Standard & Poor's Capital IQ ("CIQ) industry classification.
Companies included in the Index have market capitalizations ranging from US$250 million to US$25 billion. The Index is rebalanced annually.
CWW joins the current family of Claymore ETFs available on the TSX:
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Ticker Fund Name Summary
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CRQ Claymore Canadian Fundamental Designed to give investors
Index ETF exposure to largest Canadian
blue-chip equities based on
fundamental value
CLU Claymore US Fundamental Index Designed to provide exposure to
ETF (C$ hedged) the US market on a currency
hedged basis through
investments in blue-chip
companies.
CIE Claymore International Designed to track the top non-US
Fundamental Index ETF listed companies with the
largest fundamental value
CJP Claymore Japan Fundamental Designed to track the top
Index ETF (C$ Hedged) Japanese companies with the
largest fundamental value
Sector/Strategy
-----------------
CBQ Claymore BRIC ETF Designed to provide exposure to
the Brazil, Russia, India and
China markets.
CLO Claymore Oil Sands Sector ETF Designed to give investors
exposure to companies that are
highly focused on Oil Sands
production
FIE Claymore Canadian Financial Designed to provide a balanced
Monthly Income ETF approach to the Canadian
Financial sector
CWW Claymore S&P Global Water ETF Designed to track an index of
companies in global water-
related businesses.
Income and Growth
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CDZ Claymore CDN Dividend & Income Designed to provide a high level
Achievers ETF of dividend and income by
investing in companies that
have a record of sustaining and
growing distributions.
CPD Claymore S&P/TSX CDN Preferred Designed to provide investors an
Share ETF investable benchmark
representing the Canadian
preferred share market
RFI Claymore Canadian Fundamental Designed to provide broad
100 Monthly Income ETF exposure to the Canadian Equity
Market
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Like Claymore Investments' other current ETFs, Claymore S&P Global Water ETF, will be offering two classes of units, the Common Unit (CWW) and Advisor Class Unit (CWW.A).
About Claymore Investments
Claymore Investments, Inc. is responsible for the administration and management of the ETFs. Claymore is a wholly owned subsidiary of Claymore Group, Inc., a financial services and asset management company based in the Chicago, Illinois area. As of April 30, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $17 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchange-traded funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the funds.
For more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.
The Claymore S&P Global Water Index ETF and its Shares are not sponsored, endorsed, sold or promoted by Standard & Poor's and its affiliates ("S&P"). S&P makes no representation, condition or warranty, express or implied, to the shareholders of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the S&P Global Water Index to track general stock market performance. S&P's only relationship to the Investment Adviser is the licensing of certain trademarks and trade names of S&P and of the S&P Global Water Index, which is determined, composed and calculated by S&P without regard to the Investment Adviser or the S&P Global Water Index ETF. S&P has no obligation to take the needs of the Investment Adviser or the shareholders of the Fund into consideration in determining, composing or calculating the S&P Global Water Index. S&P is not responsible for and has not participated in the determination of the prices of the Shares of the Fund or the timing of the issuance or sale of such Shares or in the determination or calculation of the equation by which the Shares are to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing, or trading of the Fund or its Shares.
S&P and the Investment Adviser do not guarantee the accuracy and/or the completeness of the Index or any data included therein, and S&P and the Investment Adviser shall have no liability for any errors, omissions or interruptions therein. S&P and the Investment Adviser make no warranty, condition or representation express or implied, as to results to be obtained by the Fund, owners of the Shares of the Fund or any other person or entity from the use of the Index or any data included therein. S&P and the Investment Adviser make no express or implied warranties representations or conditions, and expressly disclaim all warranties or conditions of merchantability or fitness for a particular purpose or use and any other express or implied warranty or condition with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall S&P or the Investment Adviser have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the Index or any data included therein even if notified of the possibility of such damages.
There is no assurance the Fund will achieve its investment objective. Past performance does not guarantee future results. Index returns do not represent Fund returns. The Index performance results are hypothetical. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated.