Claymore Launches the Claymore/Robeco Boston Partners Large-Cap Value ETF
28 Junho 2007 - 12:05PM
Business Wire
Claymore Securities, Inc. today launched the Claymore/Robeco Boston
Partners Large-Cap Value ETF (AMEX: CLV) on the American Stock
Exchange. The ETF tracks an index designed to identify a group of
stocks that display characteristics that give them the potential to
outperform other large-cap value indices, while maintaining strong
risk diversification. �The Claymore/Robeco Boston Partners
Large-Cap Value ETF allows investors access to a unique, large-cap
value Index with an investment selection process that considers a
company�s valuation, positive momentum and favorable business
fundamentals,� said Christian Magoon, Senior Managing Director,
Claymore Securities. �Constituent stocks are chosen through a
quantitative process that goes beyond the traditional market cap
and style metrics that many large-cap value investors begin and end
with.� The Claymore/Robeco Boston Partners Large-Cap Value ETF
(AMEX: CLV) seeks investment results that correspond generally to
the performance, before the Fund�s fees and expenses, of an equity
index called the Robeco Boston Partners Large Cap Value Index. The
index is comprised of approximately 100 to 300 equity securities
and American depository receipts (ADRs), selected from a universe
of over 1,000 stocks, using a quantitative ranking methodology
comprised of three factors: attractive valuation, positive momentum
and favorable business fundamentals. The index is rebalanced
quarterly. About Claymore Securities Claymore Securities, Inc. is a
privately-held financial services company offering unique
investment solutions for financial advisors and their valued
clients. As of May 31, 2007, Claymore entities have provided
supervision, management, servicing or distribution on approximately
$17 billion in assets through closed-end funds, unit investment
trusts, mutual funds, separately managed accounts and
exchanged-traded funds. Claymore Advisors, LLC, an affiliate of
Claymore Securities, serves as investment adviser to the Fund.
About Robeco Boston Partners Robeco Boston Partners, founded in
1995, is an institutional investment management firm dedicated to
value investing, fundamental research, and capital preservation.
Boston Partners offers a comprehensive line of value equity
products spanning the market capitalization spectrum. Acquired by
Robeco Group in 2002, this affiliation provides Boston Partners
with enhanced distribution channels and resources and both Boston
Partners and Robeco the opportunity to collaborate on global value
equity products. Risk Considerations: Investors should consider the
following risk factors and special considerations associated with
investing in the Fund, which may cause you to lose money.
Investment Risk: an investment in the Fund is subject to investment
risk, including the possible loss of the entire principal amount
that you invest. Equity Risk: a principal risk of investing in the
Fund is equity risk, which means that the value of the securities
held by the Fund will fall due to general market and economic
conditions, perceptions regarding the industries in which the
issuers of securities held by the Fund participate, or factors
relating to specific companies in which the Fund invests. Foreign
Investment Risk: the Fund�s investments in non-U.S. issuers,
although limited to ADRs, may involve unique risks compared to
investing in securities of U.S. issuers, including, among others,
greater market volatility than U.S. securities, currency risk and
less complete financial information than for U.S. issuers among
other risks. Non-Correlation Risk: the Fund�s return may not match
the return of the Index for a number of reasons. For example, the
Fund incurs a number of operating expenses not applicable to the
Index, and incurs costs in buying and selling securities,
especially when rebalancing the Fund�s securities holdings to
reflect changes in the composition of the Index. Since the Index
constituents may vary on a quarterly basis, the Fund�s costs
associated with rebalancing may be greater than those incurred by
other exchange-traded funds that track indices whose composition
changes less frequently. The Fund may not be fully invested at
times, either as a result of cash flows into the Fund or reserves
of the cash held by the Fund to meet redemptions and expenses. If
the Fund utilizes a sampling approach or futures or other
derivative positions, its return may not correlate as well with the
return on the Index, as would be the case of it purchased all of
the stocks in the Index with the same weightings as the Index.
Replication Management Index: unlike many investment companies, the
Fund is not �actively� managed. Therefore, it would not necessarily
sell a stock because the stock�s issuer was in financial trouble
unless that stock is removed from the Index. Issuer-Specific
Changes: the value of an individual security or particular type of
security can be more volatile than the market as a whole and can
perform differently from the value of the market as a whole. The
value of securities of smaller issuers can be more volatile than
that of larger issuers. Portfolio Turnover Risk: the Fund may
engage in active and frequent trading of its portfolio securities
in connection with the quarterly rebalancing of the Index and
therefore the Fund�s investment. A portfolio turnover rate of 200%,
for example, is equivalent to the Fund buying and selling all of
its securities two times during the course of a year. A high
portfolio turnover rate (over 100%) could result in high brokerage
costs. While a high portfolio turnover rate can result in an
increase in taxable capital gains distributions to the Fund�s
shareholders, the Fund will seek to utilize the creation and
redemption in-kind mechanism to minimize capital gains to the
extent possible. Non-Diversified Fund Risk: the Fund is considered
non-diversified and can invest a greater portion of assets in
securities of individual issuers than a diversified fund. As a
result, changes in the market value of a single investment could
cause greater fluctuations in share price than would occur in a
diversified fund. Claymore ETFs are listed on the AMEX the same way
as shares of a publicly-traded company. Claymore ETFs can be
purchased through most brokerage accounts. They can be bought and
sold throughout the day on the AMEX during normal trading hours.
The Fund issues and redeems shares at NAV only in large blocks of
50,000 shares (each block of 50,000 shares is called a �Creation
Unit�) or multiples thereof. Only broker-dealers or large
institutional investors with creation and redemption agreements,
called Authorized Participants (�APs�), can purchase or redeem
these Creation Units. Investors buying or selling ETF shares on the
secondary market may incur brokerage costs and other transactional
fees. Shares of ETFs may fluctuate in price due to daily changes in
trading volume. At times, shares may not have a high volume of
trading. Except when aggregated in Creation Units, Shares are not
redeemable securities of the Fund. Investors should consider the
investment objectives and policies, risk considerations, charges
and ongoing expenses of the ETFs carefully before they invest. The
prospectus contains this and other information relevant to an
investment in the ETFs. Please read the prospectus carefully before
you invest or send money. For this and more information, please
contact a securities representation or Claymore Securities, Inc.,
2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999 or
www.claymore.com/etfs. NOT FDIC - INSURED � NOT BANK-GUARANTEED �
MAY LOSE VALUE Member NASD/SIPC 06/07
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