Claymore Launches Sector ETFs

August 28, 2007

SAN DIEGO (ETFguide.com) - Three new industry sector exchange-traded funds (ETFs) were introduced on the New York Stock Exchange Arca last week.

The funds are managed by Lisle, IL-based Claymore Securities and they'll track Morningstar Super Sector indexes.

All of the ETFs have expense ratios of 0.40 percent.  

“The Morningstar Super Sector Indexes offer investors a different way of looking at the market,” said Sanjay Arya, director of Morningstar Indexes. “Our Super Sector structure represents a unique way to classify companies based on the broad economic spheres in which they operate. This intuitive, consumption-based organization of sectors mimics the way economies evolve from dependence on the production of physical products to the delivery of services, which culminates in the exchange of information.”

Including this latest launch Claymore now manages 33 U.S. listed ETFs. The investment firm has been one of the most active issuers of ETFs this year.

Here's a brief review of each strategy:

Claymore/Morningstar Information Super Sector Index ETF (NYSE Arca: MZN)

This fund focuses on companies involved in the software, hardware, media and telecommunications industry sectors.

Claymore/Morningstar Services Super Sector Index ETF (NYSE Arca: MZO)

This fund contains companies in the healthcare, consumer services, business services and financial services sectors.

Claymore/Morningstar Manufacturing Super Sector Index ETF (NYSE Arca: MZG)

This fund tracks companies involved in producing consumer goods, industrial materials, energy and utilities.