Claymore Securities Inc. has launched the Claymore/BNY Mellon Frontier Markets ETF (NYSE: FRN). This ETF is the first U.S.-listed ETF that gives access to up to 41 countries that are "less developed than traditional emerging markets," which are called "frontier markets" on Wall Street.
The "FRN" ETF seeks to replicate The Bank of New York Mellon New Frontier DR Index. Potential countries for inclusion in the Index include Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates, Egypt, Ghana, Kenya, Malawi, Mauritius, Morocco, Nigeria, Tunisia, Zimbabwe, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia, Ukraine, Bangladesh, Pakistan, Papua New Guinea, Sri Lanka, Vietnam, Peru, Chile, Colombia, Ecuador, Jamaica, Panama and Trinidad & Tobago. The index only includes companies with float-adjusted market capitalizations of more than $100 million that have depositary receipts that trade on U.S. exchanges or the London Stock Exchange.
Jon C. Ogg
June 12, 2008