Multi-Asset Class ETFs Introduced

February 13, 2008

SAN DIEGO (ETFguide.com) - One week after announcing eleven exchange-traded fund (ETF) closures, Claymore Securities has introduced three new funds. All are designed to follow broad markets representing the value of the U.S. capital markets as a whole.

The investment strategy of the funds is new to the ETF universe because they combine exposure to multiple asset classes in one package.

The Claymore U.S.-1—The Capital Markets Index ETF (Ticker: UEM) includes coverage to equity, fixed income and money market securities. The underlying index aims to be a long term measure of these three segments of the U.S. investment grade capital markets.

The Claymore U.S. Capital Markets Bond ETF (Ticker: UBD) is designed to be a long-term measure of the performance of the U.S. investment grade bond markets and the Claymore U.S. Micro-Term Fixed Income ETF (Ticker: ULQ) has the goal of measuring the investment grade securities in the U.S. money markets and in the micro-term fixed income capital markets. It should be noted that ULQ is not a money market fund and doesn’t attempt to keep a stable net asset value of $1.00 per share

Claymore’s ETFs will follow the CPMKTS Capital Markets Index and were developed by Dorchester Capital Management.  

“Claymore is pleased to be the first to offer investors core ETFs that provide exposure to the broad U.S. investment grade capital markets. UEM offers access to all three segments of the capital markets in one investment vehicle,” said Christian Magoon, Senior Managing Director and Head of the ETF Group for Claymore Securities.

"Investment products based on the Capital Markets Indexes provide transparent low cost options with such broad diversification,” stated Warren Schmalenberger, Founder and CEO of Dorchester Capital Management. He added, “The CPMKTS Index is the first to represent the entire investment grade capital markets – including stocks, bonds and income securities with maturities of less than one year.”

Claymore was the third fastest growing ETF provider in 2007 and the company is based in Lisle, IL.