Claymore launches China real estate ETF

Claymore Securities Inc. has launched the Claymore/AlphaShares (TAO) China Real Estate exchange traded fund on the New York Stock Exchange Arca Inc. today. The fund, which is the first U.S.-listed Chinese Real Estate ETF, gives investors exposure to the Chinese real restate market, according to a statement issued by Claymore. The fund seeks investment results that correspond to the performance of the AlphaShares China Real Estate Index. The index is designed to measure and monitor the performance of publicly traded companies and Real Estate Investment Trusts that derive the majority of their revenues from real estate development, management and/or ownership of property in China. The fund will invest at least 90% of its assets in common stock, American depositary receipts, American depositary shares, Global depositary receipts and International depositary receipts that comprise the Index. Claymore Securities of Lisle, Ill. provided supervision, management, servicing or distribution on approximately $18.3 billion in assets as of Nov. 30.