Claymore unveils new China ETF — and more new ETF strategies are on tap, top exec says

Just days after its acquisition by Guggenheim Partners LLC was finalized, Claymore Securities Inc. has rolled out a new China exchange-traded fund – a launch that will likely be just the first of many, now that the Claymore/Guggenheim marriage is official. The Claymore/AlphaShares China All-Cap ETF (YAO), which officially launched today and is Clatmore’s third China ETF, had been in the works prior to the merger with Guggenheim closed on Oct. 15. With Guggenheim’s deep pockets – the firms has over $100 billion in assets under supervision – Claymore is positioned to ramp up development of new products, Claymore president Christian Magoon said in an interview. “I think you’re going to see growth in the form of new products,” he said. Claymore has three more China ETFs planned, Mr. Magoon added. “We really believe China is one of the best investment stories over the next 50 years,” Mr. Magoon said. Claymore’s latest China ETF seeks to replicate the AlphaShares China All Cap Index, a broad index of publicly traded companies based in China. The company’s previous China ETFs were the Claymore/AlphaShares China Small Cap Index ETF (HAO), the first ETF to focus on Chinese small-cap companies, and the Claymore/AlphaShares China Real Estate ETF (TAO), the first ETF to focus on Chinese real estate companies.