American Stock Exchange Lists Claymore/Clear Global Timber Index ETF
10 November 2007 - 7:01AM
PR Newswire (US)
First U.S.-Listed Fund to Follow the Global Timber Industry NEW
YORK, Nov. 9 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in the
Claymore/Clear Global Timber Index ETF (AMEX:CUT) by Claymore
Securities, Inc. (Claymore). This brings the total number of ETFs
listed on the Amex to 373. "We are pleased to be supporting
Claymore as they continue to expand their family of ETFs and
provide the investing community with new ways to diversify their
portfolios," said Scott Ebner, Senior Vice President of the Amex
ETF Marketplace. "CUT is the first U.S.-listed ETF to provide
investors access to companies involved in the global timber
business." CUT aims to track an equity index called the Clear
Global Timber Index. All stocks in the Index are selected from the
universe of global timber companies. Clear Indexes LLC defines
global timber companies as firms who own or lease forested land and
harvest the timber from such forested land for commercial use and
sale of wood-based products, including lumber, pulp or other
processed or finished goods, as their primary business. Kellogg
Capital Group, LLC is the specialist for CUT. About the American
Stock Exchange The American Stock Exchange(R) (Amex(R)) offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 373 ETFs to date. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange CONTACT: Bari Trontz of
American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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