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China All-Cap ETF has highest volume of any ETF launch in 2009


The Claymore/AlphaShares China All-Cap ETF, which launched on 19 October, posted trading volume totalling over 1.3 million shares on its first full day of trading.

This marks a record first-day volume for any US-listed ETF launched to date in 2009 and the 11th largest first day volume for an US-listed ETF ever.

“The popularity of this product acknowledges investor interest in an all-cap China ETF that provides exposure to every sector, including technology and consumer discretionary,” says Christian Magoon, president of Claymore Securities. “We’re very pleased with the robust investor interest so far in YAO, which gives investors access to the world’s highest expected GDP growth opportunity for 2009 and 2010.”

YAO is Claymore’s third China-focused ETF, joining the Claymore/AlphaShares China Small Cap Index ETF, a China small cap ETF, and the Claymore/AlphaShares China Real Estate ETF, a China real estate ETF.

YAO seeks to replicate the AlphaShares China All Cap Index, an index that seeks to measure and monitor the performance of the investable universe of publicly-traded companies based in mainland China of all capitalizations. As of 30 September 2009 the index included 99 securities from all market capitalizations with approximately 57 per cent in large capitalization securities, 33 per cent in mid capitalization securities and 10 per cent in small capitalization securities, based on free-float adjusted market capitalizations.

In addition, YAO provides broad sector diversification which includes exposure to all ten S&P GICS sectors.

At each reconstitution, the companies included in the Index must have a float-adjusted market capitalization of USD500m or greater for initial inclusion and USD400m or greater for ongoing inclusion.

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