This is the first-ever NYSE-listed Closed-End Fund (CEF) to convert into an ETF and then list on NYSE Arca. The Claymore/Raymond James SB-1 Equity ETF joins NYSE Arca under the ticker symbol “RYJ”.
As an industry leader in ETF and
Background about the Claymore/Raymond James SB-1 Equity ETF (NYSE Arca: RYJ)
The Claymore/Raymond James SB-1 Equity ETF (the “Fund”), using a low cost "passive" or "indexing" investment approach, seeks to replicate, before fees and expenses, the performance of the Raymond James SB-1 Equity Index. The Raymond James SB-1 Equity Index is composed of all equity securities rated Strong Buy 1 ("SB-1") by Raymond James & Associates, Inc., an affiliate of Raymond James Research Services, LLC, the Index provider. Index constituents include equity securities of all market capitalizations, as defined by the Index Provider, that trade on a
About Claymore Advisors, LLC:
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.4 billion in assets as of June 30, 2008. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as investment adviser to the Fund.
The Claymore Exchange-Traded Fund Trust (the "Trust") is an investment company currently consisting of 20 separate exchange-traded "index funds." The investment objective of each of the funds is to replicate as closely as possible, before fees and expenses, the performance of a specified market index. For more information, please go to: www.claymore.com
Background on NYSE Arca-Listed ETFs and ETNs:
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all
About NYSE Euronext:
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of