Claymore Securities, known for its narrowly focused exchange-traded funds (ETFs), has just launched the Claymore/Delta Global Shipping Index ETF (SEA). The ETF tracks companies from the global maritime-shipping industry.
Delta Global (the index provider) selects companies that derive more than 80 percent of revenues from the seaborne transport of dry bulk goods and the leasing and/or operating of tanker ships, container ships, specialty chemical ships and ships that transport liquid natural gas or dry bulk goods.
Market cap and volume (or liquidity) filters are applied to the qualifying group. U.S. traded stocks and ADRs are preferred for inclusion in the index. If there are fewer than 30 U.S. listed securities, securities listed on global developed market exchanges will be included.