Bringing you live news and features since 2006 

Claymore ETFs offer exposure to international small-caps

RELATED TOPICS​

Claymore Securities has changed the name of the Claymore/Great Companies Large-Cap Growth Index ETF to the Claymore/BNY Mellon International Small Cap LDRs ETF, which will seek investme

Claymore Securities has changed the name of the Claymore/Great Companies Large-Cap Growth Index ETF to the Claymore/BNY Mellon International Small Cap LDRs ETF, which will seek investment results that correspond to the performance of The Bank of New York Mellon Small Cap Select ADR Index.

The index provides investors with broad exposure to international small-cap companies as defined by The Bank of New York Mellon.

The fund’s ticker symbol and Cusip remain unchanged.

‘We believe this change expands our product offering into an opportune space for long-term growth oriented investors: international small cap companies,’ says Christian Magoon, president of Claymore Securities.

The fund’s board of trustees also approved a revised advisory agreement for the fund that reduces the advisory fee. With this change, the fund will pay the investment adviser a unitary management fee at an annual rate of 0.45 per cent of the fund’s average daily net assets. Previously the fund employed an expense cap of 0.65 per cent.

The index is comprised of US-listed American depositary receipts, global depositary receipts, New York shares and global registered shares, based on liquidity of companies worldwide, excluding the US and Canada. For initial inclusion, constituents must have a market capitalization ranging from USD250m to USD2.0bn.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
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