Claymore/Raymond James SB-1 Equity ETF Lists on NYSE Arca.First-Ever NYSE-listed Closed-End Fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. to Convert into ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). , Then List on NYSE Arca NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- NYSE Euronext (NYX Noun 1. Nyx - (Greek mythology) Greek goddess of the night; daughter of Chaos; counterpart of Roman Nox Greek mythology - the mythology of the ancient Greeks ) today announced that Claymore Exchange-Traded Fund Trust listed the Claymore/Raymond James SB-1 Equity ETF on NYSE Arca. This is the first-ever NYSE-listed Closed-End Fund (CEF CEF CAN (Controller Area Network) Extended Frame CEF Caixa Economica Federal (Brazil) CEF Cisco Express Forwarding CEF Common European Framework CEF Continuing Education Fund CEF Closed End Fund ) 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 Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "RYJ RYJ Romeo Y Julieta (Cuban cigars) ". As an industry leader in ETF and ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network listings and trading, exchange traded products listed on NYSE Arca represent 55% of ETF and ETN assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. in the U.S., nearly $591 billion, the most of any exchange. 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the Index provider. Index constituents include equity securities of all market capitalizations, as defined by the Index Provider, that trade on a U.S. securities exchange, including common stocks, American depository receipts (ADRs), real-estate investment trusts (REITs) and master limited partnerships (MLPs). Under normal conditions, the fund will invest at least 80% of its assets in equity securities. The fund will also normally invest at least 80% of its total assets in securities that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. The fund has adopted a policy that requires the fund to provide shareholders with at least 60 days notice prior to any material change in this policy or the Index. 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 NYSE See: New York Stock Exchange 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 National best bid and offer (NBBO) is a SEC regulation requiring brokers to guarantee customers the best available ask price when buying securities, and the best available bid price when selling securities. nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry's fastest and most innovative trading tools to access liquidity. Including today's listing, NYSE Arca has 271 primary ETF and 80 ETN listings and trades all other eligible ETFs on a UTP-basis. In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs. 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 New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , 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[euro] 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[euro] billion (as of June 30, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com. |
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