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

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
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