Monday April 5th ETF Movers: ENY, FAA
In midday trading Monday, the Claymore Canadian Energy Income ETF (ENY) is outperforming other ETFs, up about 3.1% on the day. And underperforming other ETFs today is the Claymore Airline ETF (FAA), off about 1% in Monday afternoon trading.
About the Claymore Canadian Energy Income ETF (ENY)
The investment seeks investment results that correspond generally to the performance of an equity index called the Sustainable Canadian Energy Income index. The fund at all times invests at least 90% of 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 index is comprised of 30 stocks selected, based on investment and other criteria, from a universe of companies listed on the Toronto Stock Exchange (the “TSX”), NYSE AMEX, NASDAQ or NYSE. It is nondiversified.
About the Claymore Airline ETF (FAA)
The investment seeks to replicate, net of expenses, the NYSE Arca Global Airline Index. The fund will invest at least 80% of assets in common stocks, ADRs and GDRs that comprise the index. The index is a modified equal-dollar weighted index designed to measure the performance of highly capitalized and liquid US and international passenger airline companies identified as being in the airline industry. The fund is nondiversified.
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