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Claymore launches frontier markets ETF in US

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Claymore Securities has announced the launch of the Claymore/BNY Mellon Frontier Markets ETF, an exchange-traded fund that provides investors with access to up to 41 countries that are les

Claymore Securities has announced the launch of the Claymore/BNY Mellon Frontier Markets ETF, an exchange-traded fund that provides investors with access to up to 41 countries that are less developed than traditional emerging markets and seeks to replicate the Bank of New York Mellon New Frontier DR Index.

‘Experienced investors are constantly in a search for tomorrow’s most intriguing growth opportunities,’ says Christian Magoon, president and head of the ETF group at Claymore Securities.

‘Frontier markets have been referred to as the next generation of emerging markets and may potentially offer attractive risk and return ratios, as well as lower correlations to developed and emerging markets. The Claymore/BNY Mellon Frontier Markets ETF enables investors to access efficiently up to 41 countries in the very early stages of their development.’

Companies from Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates, Egypt, Ghana, Kenya, Malawi, Mauritius, Morocco, Nigeria, Tunisia, Zimbabwe, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia, Ukraine, Bangladesh, Pakistan, Papua New Guinea, Sri Lanka, Vietnam, Peru, Chile, Colombia, Ecuador, Jamaica, Panama and Trinidad & Tobago are eligible for inclusion in the index.

The Bank of New York Mellon New Frontier DR Index comprises companies with a float-adjusted market capitalisation of more than USD100 million and that have depositary receipts that trade on US exchanges or the London Stock Exchange.

‘US investors have had little exposure to these smaller, less-developed markets, which are excluded from most benchmarks and overshadowed by the popular emerging markets,’ says Michael Finck, a managing director at Bank of New York Mellon. The Claymore/BNY Mellon Frontier Markets ETF is listed on NYSE Arca.

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