Claymore ETF Changes Name and Focus

Claymore Securities has changed the name and focus of the Claymore/Great Companies Large-Cap Growth Index ETF (XGC).

The ETF is now the Claymore/BNY Mellon International Small Cap LDRs ETF (XGC).  The fund will now track The Bank of New York Mellon Small Cap Select ADR Index.

The annual expense ratio of the funds was lowered from 0.65% to 0.45%.

As of June 30, 2009, the Index consisted of 100 securities with a market capitalizations ranging between $282 million and $3.1 billion. The five largest country weights as of the same date were Brazil 23.55%, China 22.93%, United Kingdom 6.00%, Chile 5.82% and Australia 5.73%.

See the Claymore ETF Directory for a complete list of Claymore exchange traded funds.