Claymore Launches the First Global Water ETF

  
    
  
  
    
      Claymore Advisors, LLC today launched the Claymore S&P Global Water 
      Index ETF (AMEX:CGW) on the American Stock Exchange. The Claymore S&P 
      Global Water Index ETF tracks an index that is distributed equally 
      between two distinct clusters of water-related businesses: water 
      utilities and infrastructure, and water equipment and materials.
    
    
      “We believe that a global investing 
      perspective effectively capitalizes on the breadth of opportunities that 
      exist in the water sector,” said Christian 
      Magoon, Senior Managing Director, Claymore Securities, Inc, an affiliate 
      of Claymore Advisors, LLC. “S&P has created a 
      robust and transparent index methodology that seeks to capture companies 
      with significant revenues coming from water-oriented businesses,” 
      he continued. “The launch of the Claymore S&P 
      Global Water Index ETF allows investors to participate in this 
      ever-important area of the market.”
    
    
      “Research has identified the global need for 
      clean water, creating an equally global, emerging opportunity for 
      investment. We believe that our ETF offers investors a unique 
      opportunity to access this investment theme by investing in foreign and 
      domestic stocks,” Magoon said. “Unlike 
      other water-related investment products, the Claymore ETF provides 
      liquid exposure to the leading publicly listed companies from developed 
      markets in the global water industry.”
    
    
      The Claymore S&P Global Water ETF (AMEX:CGW) seeks investment 
      results that correspond generally to the performance, before the 
      respective Fund’s fees and expenses, of an 
      equity index called the S&P Global Water Index. The index is comprised 
      of 50 equity securities selected from a universe of companies listed on 
      global developed market exchanges and based on the relative importance 
      of the global water industry within those companies’ 
      business models. The index is designed to have a balanced representation 
      from different segments of the water industry consisting of the 
      following two clusters: 25 Water Utilities and Infrastructure companies 
      (water supply, water utilities, waste water treatment, water, sewer and 
      pipeline construction, water purification, water well drilling and water 
      testing) and 25 Water Equipment and Materials companies (water treatment 
      chemicals, water treatment appliances, pumps and pumping equipment, 
      fluid power pumps and motors, plumbing equipment, totalizing fluid 
      meters and counting devices) based upon Standard & Poor’s 
      Capital IQ (“CIQ) industry classification.
    
    
      Companies included in the Index have market capitalizations ranging from 
      US$250 million to US$25 billion and the Fund will normally invest at 
      least 90% of its total assets in common stocks and ADRs that comprise 
      the Index. The Index is rebalanced annually.
    
    
      About Claymore Securities
    
    
      Claymore Securities, Inc. is a privately-held financial services company 
      offering unique investment solutions for financial advisors and their 
      valued clients. As of March 31, 2007, Claymore entities have provided 
      supervision, management, servicing or distribution on approximately $16 
      billion in assets through closed-end funds, unit investment trusts, 
      mutual funds, separately managed accounts and exchange-traded funds. 
      Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as 
      investment adviser to the funds.
    
    
      About Standard & Poor’s Index Services
    
    
      Standard & Poor’s Index Services, the 
      world’s leading index provider, maintains a 
      wide variety of investable and benchmark indices to meet an array of 
      investor needs. Its family of indices includes the S&P 500, an index 
      with US$1.26 trillion invested and US$4.45 trillion benchmarked, and the 
      S&P Global 1200, a composite index comprised of seven regional and 
      country headline indices. For more information, please visit www.standardandpoors.com/indices.
    
    
      Risk Considerations: Investors should consider the following risk 
      factors and special considerations associated with investing in the 
      Fund, which may cause you to lose money.
    
    
      Investment Risk: an investment in the Fund is subject to 
      investment risk, including the possible loss of the entire principal 
      amount that you invest.
    
    
      Equity Risk: a principal risk of investing in the Fund is equity 
      risk, which means that the value of the securities held by the Fund will 
      fall due to general market and economic conditions, perceptions 
      regarding the industries in which the issuers of securities held by the 
      Fund participate, or factors relating to specific companies in which the 
      Fund invests.
    
    
      Risk of Concentrating in the Water Industry: Adverse developments 
      in the water industry may significantly affect the value of the 
      securities held by the Fund. Companies involved in the water industry 
      are subject to environmental considerations, taxes, government 
      regulation, price and supply fluctuations, competition and water 
      conservation.
    
    
      Foreign Investment Risk: the Fund’s 
      investments in non-U.S. issuers, although limited to ADRs, may involve 
      unique risks compared to investing in securities of U.S. issuers, 
      including, among others, greater market volatility than U.S. securities, 
      currency risk and less complete financial information than for U.S. 
      issuers among other risks.
    
    
      Small and Medium-Sized Company Risk: investing in securities of 
      small and medium-sized companies involves greater risk than is 
      customarily associated with investing in more established companies. 
      These companies’ stocks may be more volatile 
      and less liquid than those of more established companies. These stocks 
      may have returns that vary, sometimes significantly, from the overall 
      stock market.
    
    
      Non-Correlation Risk: the Fund’s 
      return may not match the return of the Index for a number of reasons 
      including, but not limited to, operating expenses not applicable to the 
      Index and costs in buying and selling securities to reflect changes in 
      the composition of the Index. Additionally, the Fund may not be fully 
      invested at times, either as a result of cash flows into the Fund or 
      reserves of cash held by the Fund to meet redemptions and expenses.
    
    
      Replication Management Index: unlike many investment companies, 
      the Fund is not “actively” 
      managed. Therefore, it would not necessarily sell a stock because the 
      stock’s issuer was in financial trouble 
      unless that stock is removed from the Index.
    
    
      Issuer-Specific Changes: the value of an individual security or 
      particular type of security can be more volatile than the market as a 
      whole and can perform differently from the value of the market as a 
      whole.
    
    
      Non-Diversified Fund Risk: the Fund is considered non-diversified 
      and can invest a greater portion of assets insecurities of individual 
      issuers than a diversified fund, which may result in greater 
      fluctuations in share price. Please read the Fund’s 
      prospectus for more detailed information.
    
    
      Claymore ETFs are listed on the AMEX the same way as shares of a 
      publicly-traded company. Claymore ETFs can be purchased through most 
      brokerage accounts. They can be bought and sold throughout the day on 
      the AMEX during normal trading hours. The Fund issues and redeems shares 
      at NAV only in large blocks of 200,000 shares (each block of 200,000 
      shares is called a “Creation Unit”) 
      or multiples thereof. Only broker-dealers or large institutional 
      investors with creation and redemption agreements, called Authorized 
      Participants (“APs”), 
      can purchase or redeem these Creation Units.
    
    
      Deliveries of Fund securities to redeeming investors generally will be 
      made within three business days. Due to the schedule of holidays in 
      certain countries, however, the delivery of in-kind redemption proceeds 
      may take longer than three business days after the day on which the 
      redemption request is received in proper form. In such cases, the local 
      market settlement procedures will no commence until the end of the local 
      holiday periods. See the Fund's SAI for a list of the local holidays in 
      the foreign countries relevant to the Fund.
    
    
      Investors buying or selling ETF shares on the secondary market may 
      incur brokerage costs and other transactional fees. Shares of ETFs will 
      fluctuate in price due to daily changes in trading volume. At times, 
      shares may not have a high volume of trading. Except when aggregated in 
      Creation Units, Shares are not redeemable securities of the Fund.
    
    
      The Claymore S&P Global Water Index ETF and its Shares are not 
      sponsored, endorsed, sold or promoted by Standard & Poor’s 
      and its affiliates (“S&P”). 
      S&P makes no representation, condition or warranty, express or implied, 
      to the shareholders of the Fund or any member of the public regarding 
      the advisability of investing in securities generally or in the Fund 
      particularly or the ability of the S&P Global Water Index to track 
      general stock market performance. S&P’s 
      only relationship to the Investment Adviser is the licensing of certain 
      trademarks and trade names of S&P and of the S&P Global Water Index, 
      which is determined, composed and calculated by S&P without regard to 
      the Investment Adviser or the S&P Global Water Index ETF. S&P has no 
      obligation to take the needs of the Investment Adviser or the 
      shareholders of the Fund into consideration in determining, composing or 
      calculating the S&P Global Water Index. S&P is not responsible for and 
      has not participated in the determination of the prices of the Shares of 
      the Fund or the timing of the issuance or sale of such Shares or in the 
      determination or calculation of the equation by which the Shares are to 
      be converted into cash. S&P has no obligation or liability in connection 
      with the administration, marketing, or trading of the Fund or its Shares.
    
    
      S&P and the Investment Adviser do not guarantee the accuracy and/or the 
      completeness of the Index or any data included therein, and S&P and the 
      Investment Adviser shall have no liability for any errors, omissions or 
      interruptions therein. S&P and the Investment Adviser make no warranty, 
      condition or representation express or implied, as to results to be 
      obtained by the Fund, owners of the Shares of the Fund or any other 
      person or entity from the use of the Index or any data included therein. 
      S&P and the Investment Adviser make no express or implied warranties 
      representations or conditions, and expressly disclaim all warranties or 
      conditions of merchantability or fitness for a particular purpose or use 
      and any other express or implied warranty or condition with respect to 
      the Index or any data included therein. Without limiting any of the 
      foregoing, in no event shall S&P or the Investment Adviser have any 
      liability for any special, punitive, direct, indirect or consequential 
      damages (including lost profits) arising out of matters relating to the 
      use of the Index or any data included therein even if notified of the 
      possibility of such damages.
    
    
      Investors should consider the investment objectives and policies, 
      risk considerations, charges and ongoing expenses of the ETFs carefully 
      before they invest. The prospectus contains this and other information 
      relevant to an investment in the ETFs. Please read the prospectus 
      carefully before you invest or send money. For this and more 
      information, please contact a securities representative or Claymore 
      Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 
      800-345-7999 or www.claymore.com/etfs.
    
    
      NOT FDIC - INSURED • NOT BANK - GUARANTEED • 
      MAY LOSE VALUE
    
    
      Claymore Securities, Inc. • 2455 Corporate 
      West Drive • Lisle, Illinois 60532
    
    
      1-800-345-7999 • www.claymore.com
    
    
      Member NASD/SIPC 05/07