Tuesday, August 26, 2008

Claymore Launches First Shipping ETF (SEA)

First ETF to Provide Investors Access to 30 Companies in Fast Growing Shipping Sector

LISLE, Ill., Aug 25, 2008 (BUSINESS WIRE) -- Claymore Securities, Inc., the third-fastest growing exchange-traded fund provider in 2007*, today announced the launch of the Claymore/Delta Global Shipping Index ETF (NYSE Arca: SEA) on NYSE Arca. SEA is the first shipping ETF that provides investors with a cost-efficient means of accessing the rapidly growing global shipping sector.

"Maritime shipping is the primary means of international transportation for raw materials and finished goods, and we are pleased to be the first ETF provider to offer investors access to a global portfolio of 30 maritime shipping stocks with a current combined market cap near $50 billion," said Christian Magoon, President of Claymore Securities, Inc. "As the latest in our series of industry firsts, SEA exemplifies the innovation Claymore strives to deliver to the marketplace."

The ETF will seek to replicate the Delta Global Shipping Index (Index Ticker: DGAGSI), which was developed and is maintained by Delta Global Indices, LLC, a wholly-owned subsidiary of Delta Global Advisors, Inc. 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 maritime shipping industry has been growing exponentially thanks to increased participation in global trade by emerging economies like China, India and Brazil," said Chip Hanlon, Chairman and Chief Executive Officer of Delta Global Indices, LLC. "With approximately 80% of all shipments being transported by water, the increase in demand has pushed shipping activity up considerably and gained significant interest among investors."

SEA is listed on NYSE Arca and trades the same way as shares of a publicly traded company. SEA and other Claymore ETFs can be purchased through most brokerage accounts. They can be bought and sold throughout the day on NYSE Arca or the American Stock Exchange, depending on the ETF listing, during normal trading hours. The Fund issues and redeems Shares at NAV only in large blocks of 80,000 of Shares (each block of Shares 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.

*Source: Claymore Securities, Inc., Bloomberg 2007 ETF data

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