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Claymore/SWM Canadian Energy Income Index ETF (ENY) |
WIKI ANALYSIS|
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
Claymore/SWM Canadian Energy Income Index ETF (ENY)
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 Sustainable Canadian Energy Income Index (the “Energy Income Index” or “Index”). The Fund will normally invest at least 90% of its total assets in securities 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 Sustainable Canadian Energy Income Index. The Index is comprised of 30 stocks selected, based on investment and other criteria, from a universe of companies listed on the Toronto Stock Exchange (the “TSX”),AMEX, NASDAQ or NYSE. The universe of companies includes over 35 TSX listed Canadian royalty trusts and 25 oil sands resource producers that are classified as oil and gas producers. The companies in the universe are selected using criteria as identified by Sustainable Wealth Management, Ltd. (“SWM” or the “Index Provider”).
Fund Information
- Fund Manager - Claymore Advisors
- Inception Date - 07/03/2007
- Exchange – NYSE Arca
- Index Ticker - ENY
- Intra-day NAV Ticker - ENYIV
- Expense Ratio - 0.65%
Top Holdings
| Holdings | % of Portfolio |
| CANADIAN OIL SANDS TRUST | 9.29% |
| BAYTEX ENERGY TRUST | 8.18% |
| SUNCOR ENERGY INC | 7.69% |
| IVANHOE ENERGY INC | 7.47% |
| UTS ENERGY CORP | 6.71% |
| CANADIAN NATURAL RESOURCES | 6.57% |
| PENN WEST ENERGY TRUST | 5.21% |
| PETROBANK ENERGY & RESOURES | 4.61% |
| IMPERIAL OIL LTD | 4.57% |
| OPTI CANADA INC | 4.45% |
Holdings as of 23/10/2009
Other Investing in Canada ETFs
References
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