Claymore/Robb Report Global Luxury Index ETF to transfer to NYSE Arca
NEW YORK, November 26, 2007 – Claymore and the NYSE Euronext (NYSE Euronext: NYX) today announce that effective prior to the opening of trading on December 10, 2007 the Claymore/Robb Report Global Luxury Index ETF (symbol: ROB) will transfer from the NYSE to the NYSE Arca listing and trading platform.
NYSE Arca’s all-electronic platform is the single largest liquidity pool for ETFs in the U.S. and presents a compelling value proposition for all market participants. In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the U.S. , representing an average daily volume of approximately 231.96 million shares per day.
All existing NYSE ETF specialist firms are already acting as lead market makers in primary listings on NYSE Arca and will continue to provide value for investors and issuers while ensuring liquidity and reducing volatility. NYSE Group believes that offering a single, harmonized platform for listing and trading ETFs will further improve efficiencies and market quality.
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 October 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on more than $19 billion in assets through closed-end funds, unit investment trusts, mutual funds and exchange-traded funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the Fund.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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 representative or Claymore Securities, Inc.
An investment in the Fund is subject to risk, including possible loss of principal. Investing in non-U.S. issuers may involve unique risks, such as currency, political, economic and market risk. The Fund is also subject to luxury risk, which depends heavily on the disposable household income and consumer spending of a relatively small segment and therefore could magnify volatility. An investment in the Fund involves additional risk including but not limited to: Non-Correlation Risk, Small and Medium-Sized Company Risk, Replication Management Risk, Issuer-Specific Changes, and Non-Diversified Fund Risk. Buying or selling ETF shares will 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.
The Fund is not sponsored, endorsed, sold or promoted by CurtCo Robb Media, LLC, Robb Report Magazine and its affiliates nor does this company make any representation advisability of investing in the Fund. Neither CurtCo Robb Media, LLC, Robb Report Magazine or its affiliates are affiliated with Claymore Advisors, LLC. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as an investment adviser to the Claymore ETFs.