Claymore/Clear Global Exchanges, Brokers & Asset Managers Index ETF (EXB)

This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund.

 

TOP CONTRIBUTORS

Ankur Dhamija

Claymore/Clear Global Exchanges, Brokers & Asset Managers Index ETF (EXB)

Overview

The “Fund”, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an index called the Beacon Global Exchanges, Brokers & Asset Managers Index (the “Beacon EB&A Index” or “Index”). The Fund will normally invest at least 90% of its total assets in equity securities, master limited partnerships ("MLPs"), 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 EB&A Index. The Index is comprised of approximately 100 equity securities traded on global exchanges, including MLPs, as well as ADRs and GDRs of companies that operate a security exchange or brokerage/asset management firm as a primary business. The companies in the Index are intended to be representative of the highest ranking stocks in the global universe of companies engaged in these businesses as determined through independent research provided by Beacon Indexes LLC (“Beacon” or the “Index Provider”). ^[1]

Fund Information

• Fund Manager - Claymore Advisors
• Inception Date - 06/27/2007
• Exchange – NYSE Arca
• Index Ticker - EXB
• Intra-day NAV Ticker - EXBIV
• Expense Ratio - 0.65%

Top Holdings

Holdings as of 23/10/2009

References

1. ↑ - Overview of Claymore/Clear Global Exchanges, Brokers & Asset Managers Index ETF (EXB)