Claymore/Clear Global Timber Index ETF (CUT)

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Wall Street Sector Selector  May 17  Comment 
“If you’re a believer in the bullish housing data that has been seen recently in the U.S., there’s an ETF to play this trend with. The Claymore/Beacon Global Timber ETF (NYSE:CUT) offers exposure(...)Read the rest of The Price Of The Global...




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Claymore/Clear Global Timber Index ETF (CUT)

Overview

The "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Global Timber Index (the “Index”). The Index is designed to track the performance of common stocks of global timber companies. The universe of eligible securities includes firms that own or lease forested land and harvest the timber for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods such as paper and packaging. The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index. Claymore Advisors, LLC (the “Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation.

The Fund, using a low cost "passive" or "indexing" investment approach, will seek to replicate, before expenses, the performance of the Beacon Global Timber Index. All stocks in the Index are selected from the universe of global timber companies. Beacon Indexes LLC (“Beacon” or the “Index Provider”) defines global timber companies as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods such as paper and packaging. Potential Index constituents include securities with market capitalizations greater than $300 million, which includes securities of all market capitalizations, as determined by Beacon. Beacon does not guarantee the inclusion of all relevant companies in the Index. [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 11/09/2007
  • Exchange – NYSE Arca
  • Index Ticker - CUT
  • Intra-day NAV Ticker - CUTIV
  • Expense Ratio - 0.65%

Top Holdings

Holdings % of the portfolio
MONDI LTD 4.91%
STORA ENSO OYJ SER R 4.89%
SMURFIT KAPPA GROUP PLC 4.68%
HOKUETSU PAPER MILLS LTD 4.64%
PORTUCEL EMPRESA PRODUTOR 4.58%
SVENSKA CELLULOSA AB-B SHARES 4.58%
MEADWESTVACO CORP 4.57%
HOLMEN AB SER B 4.49%
VOTORANTIM CELULOSE-ADR 4.48%
ARACRUZ CELULOSE S.A. ADR 4.46%


Holdings as of 23/10/2009

ETF Name ETF Name Fund Manager
Claymore/Clear Global Timber Index ETF (CUT)Claymore/Clear Global Timber Index ETF (CUT)Claymore Advisors
iShares S&P Global Timber & Forestry Index Fund (WOOD)iShares S&P Global Timber & Forestry Index Fund (WOOD)ishares
iShares S&P Global Timber & Forestry ETF (WOOD-LSE)listed on the British London Stock ExchangeiShares S&P Global Timber & Forestry ETF (WOOD-LSE)listed on the British London Stock ExchangeiShares


References

  1. - Overview of Claymore/Clear Global Timber Index ETF (CUT)
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