Claymore Launches Large-Cap Value ETF (CLV)

Claymore Securities, Inc. today announced the launch of the Claymore/Robeco Boston Partners Large-Cap Value ETF (CLV-AMEX).  The ETF tracks an index designed to identify a group of stocks that display characteristics with the potential to outperform other large-cap value indices, while maintaining strong risk diversification.

The ETF results correspond generally to the performance, before fees and expenses, of the Robeco Boston Partners Large Cap Value Index. The index is comprised of approximately 100 to 300 equity securities and American depository receipts (ADRs), selected from a universe of over 1,000 stocks, using a quantitative ranking methodology comprised of three factors: attractive valuation, positive momentum and favorable business fundamentals. The index is rebalanced quarterly.

As of May 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $17 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchanged-traded funds.

Robeco Boston Partners Large Cap Value(1) as of March 31 held 85 positions, with a weighted average market cap of $86.9 Billion and a median market cap of $20.2 Billion.  The trailing P/E was 13.9, with a price-to-book ratio stated as 2.12 and a 1.88% dividend yield.

Here is the rest of a further description based on Boston Partners: The Large Cap Value Equity strategy employs a bottom-up investment process to identify portfolio candidates. The process is driven by internal fundamental research streamlined by quantitative screening. Quantitative screening (approximately 10%) identifies companies within the large cap universe that are attractively valued and demonstrate a quantifiable measure of business momentum (e.g., rising earnings estimates). Fundamental research (approximately 90%) involves a detailed analysis of the business dynamics supporting a portfolio candidate’s current value and prospects for future growth. Beyond demonstrating value and momentum criteria identified in the screening results, portfolio candidates must also exhibit strong business fundamentals and improving business trends as determined through in-depth fundamental research.

Jon C. Ogg
June 28, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.