Bringing you live news and features since 2006 

Claymore launches first global airline ETF

RELATED TOPICS​

Illinois-based Claymore Securities has announced the launch on the NYSE Arca market of the Claymore/NYSE Arca Airline ETF, billed as the first airline ETF that seeks to provide investor

Illinois-based Claymore Securities has announced the launch on the NYSE Arca market of the Claymore/NYSE Arca Airline ETF, billed as the first airline ETF that seeks to provide investors with a cost-efficient means of accessing the heavily-traded global airline industry.

‘Passenger airlines make up the vital networks by which the world connects itself, and we are happy to be the first ETF provider to offer investors access to a portfolio of some of the most actively traded global passenger airline stocks,’ says Christian Magoon, president of Claymore Securities. ‘The fund is an industry first and yet another example of the innovation and insight Claymore strives to deliver to the marketplace.’

The ETF will seek to replicate the NYSE Arca Global Airline Index, which tracks the performance of selected securities of passenger airlines from around the world. At each rebalance, the index is approximately 70 per cent US passenger airline companies, with the remaining weight allocated to international passenger airline companies.

The companies included in the index must derive at least 50 per cent of their revenue from passenger airline operations.

Additionally, constituents must have a market capitalization of at least USD100m and a 100-day average daily trading volume of at least USD1m.

As of 31 December 2008, the top five index constituents were AMR, Continental Airlines, Southwest Airlines, JetBlue Airways and Delta Airlines.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by