AlphaShares, backed by Northern Lights Capital Group, has Highest Volume ETF Launch
Lisle, IL – The Claymore/AlphaShares China All-Cap ETF (NYSE Arca: YAO) which launched on October 19th, posted trading volume totaling 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.1 “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,” said Christian Magoon, president of Claymore Securities, Inc. “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 20102.”
YAO is Claymore’s third China-focused ETF, joining the Claymore/AlphaShares China Small Cap Index ETF (NYSE Arca: HAO), a China small cap ETF, and the Claymore/AlphaShares China Real Estate ETF (NYSE Arca: TAO), a China real estate ETF. YAO seeks to replicate the AlphaShares China All Cap Index (INDEX Ticker: ACNAC) (the “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 September 30, 2009 the Index included 99 securities from all market capitalizations with approximately 57% in large capitalization securities, 33% in mid capitalization securities and 10% in small capitalization securities, based on free-bloat adjusted market capitalizations. In addition, YAO provides broad sector diversification which includes exposure to all 10 S&P GICS sectors. At each reconstitution, the companies included in the Index must have a float-adjusted market capitalization of $500 million or great for initial inclusion and $400 million or great for ongoing inclusion. The Index utilizes a modified market capitalization weighting methodology. For more information on YAO please visit www.claymore.com/yao.
About Claymore Securities
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision management, and/or servicing on approximately $13.3 billion in assets, as of September 30, 2009. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Additional information on Claymore’s exchange-traded funds is available by calling 888.WHY.ETFS (888.949.3837) or visiting www.claymore.com/ETFs. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.
AlphaShares, LLC is an investment management firm dedicated to providing investors with strategies and products to participate in China’s fast growing economy. AlphaShares investment philosophy and strategies are based on the beliefs and research of co-founder and Chief Investment Officer, Dr. Burton G. Malkiel.
1 Source Claymore using Bloomberg data
2 China is predicted to be the world’s highest GBP growth in both 2009 and 2010 according to the World Economic Outlook Update (October 2009) © International Monetary Fund (IMF).