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Claymore ETFs celebrate first anniversary with upbeat returns


Claymore Securities has announced that three of the five exchange-traded funds launched on the American Stock Exchange in September 2006 have outperformed their benchmark in their first fu

Claymore Securities has announced that three of the five exchange-traded funds launched on the American Stock Exchange in September 2006 have outperformed their benchmark in their first full year of trading, and all five have posted positive results.

The Claymore ETFs included five firsts for the ETF marketplace: the first BRIC ETF (the Claymore/BNY BRIC ETF), the first sector rotation ETF (Claymore/Zacks Sector Rotation ETF), the first insider behaviour ETF (Claymore/Sabrient Insider ETF), the first distribution-optimised ETF (Claymore/Zacks Yield Hog ETF), and the first neglected stock ETF (Claymore/Sabrient Stealth ETF). In the course of the subsequent year, Claymore’s range of ETFs has grown to 33.

The funds’ estimated total annual operation expense ratios, gross of fee waivers and expense reimbursements, are 0.75 per cent for the Claymore/BNY BRIC ETF and 0.84 per cent for the other four. A contractual fee waiver is in place for these funds up to December 2009 limiting expenses to 0.60 per cent of average net assets, but certain fall outside the expense cap.

The strongest performance on both absolute and relative came from the Claymore/BNY BRIC ETF, which returned 93.84 per cent and outperformed the 57.96 per cent return of its benchmark, the MSCI Emerging Markets Index, by 35.88 percentage points.

Strong absolute and relative performance was also achieved by the Claymore/Zacks Sector Rotation ETF, which returned 23.19 per cent and outperformed the 16.44 per cent return of the S&P 500 benchmark by 6.75 percentage points, while the Claymore/Sabrient Insider ETF returned 21.59 per cent and outperformed the S&P 500 by 5.15 percentage points.

By contrast, the Claymore/Sabrient Stealth ETF returned 7.02 per cent and underperformed the S&P 500 Index as well as the 12.36 per cent return of the more narrow Russell 2000 Index, while the Claymore/Zacks Yield Hog ETF returned 8.69 per cent, trailing both the S&P 500 and the 8.82 per cent return of the Dow Jones Dividend Select Index.

‘We are very pleased with the positive performance of our initial Claymore ETFs in their first full year of operations,’ says Christian Magoon, senior managing director and head of the ETF group for Claymore Securities, ‘We feel that this performance highlights the success of the quantitative, strategy-driven indices that Claymore ETFs track.’

‘Claymore has experienced significant growth in its first year in the ETF market and now has 33 funds and more than USD1.6bn in assets. In the past year, we have introduced a number of other firsts in the ETF marketplace and seek to continue to help provide investors with the access to innovation that we believe distinguishes Claymore from other ETF providers.’

At the end of September, Claymore group businesses provided supervision, management, servicing or distribution on approximately USD17.5bn in assets through closed-ended funds, unit investment trusts, mutual funds and ETFs.

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