Clear Indexes launches new funds.
Clear Indexes launched two global indexes July 11: one to track
exchanges and the other vaccines. The indexes are licensed to Claymore
Securities for trading as exchange traded funds.
The Claymore/Global Exchanges, Broker and Asset Management Index
is comprised of 100 stocks and will be rebalanced twice a year. It has three
equal parts of exchanges, brokers and asset managers.
The Claymore/Clear Global Vaccine Index, is made up of
approximately 40 stocks. Vaccines are gaining attention worldwide in the fight
against diseases, especially those such as polio, which was once thought nearly
eradicated, said Andrew Corn, founder and CEO of Clear Asset Management.
“Vaccines represent an underserved area with significant growth
opportunities, while exchanges, brokers and asset managers represent the growth
of wealth worldwide,” Corn said.
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