Claymore Recasts Euro-Pacific ETF

Claymore has changed the name and investment policy for the Claymore/Robeco Developed International Equity ETF (EEN).

The fund’s new name is Claymore/BNY Mellon EW Euro-Pacific LDRs ETF (EEN).  The fund will now track the Bank of New York Mellon Euro-Pacific Select ADR Index.

The index is equal weighted and consists of US-listed equity securities from developed markets including Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

The fund has also lowered its expense ratio from a cap of 0.65% to 0.35%.