Claymore introduces two ETFs

Claymore Securities Inc. of Lisle, Ill., today announced the launch of two new exchange traded funds: the Claymore/Clear Mid-Cap Growth Index ETF, and the Claymore/IndexIQ Small-Cap Value ETF. The Claymore/Clear Mid-Cap Growth Index ETF follows an index is comprised of 50 stocks selected from a universe of common stocks and American depositary receipts listed on U.S. exchanges with market capitalizations typically ranging between $2 billion and $10 billion, as defined by Clear Indexes LLC of New York. Looking at fundamental and valuation metrics including sales, profit growth, leverage and return on equity, the 50 highest ranking stocks are selected by the 100% rules-driven Index methodology. The Claymore/IndexIQ Small-Cap Value ETF follows an index that comprised of 100 U.S. stocks with market capitalizations ranging from $400 million to $1.5 billion, as defined by IndexIQ Inc. of Rye Brook, N.Y. The 100 highest-ranking companies are selected using a quantitative rules-based methodology developed to identify companies that are believed to offer the greatest potential and that best reflect value-oriented characteristics and a propensity to reinvest in themselves to strengthen future competitive positioning.