Claymore/Robeco Developed World Equity Etf (AMEX:EEW)
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From May 2019 to May 2024
Claymore Securities, Inc. today launched its two newest exchange-traded
funds (ETFs) on the American Stock Exchange. These new Claymore ETFs,
the Claymore/Robeco Developed International Equity ETF (AMEX: EEN) and
the Claymore/Robeco Developed World Equity ETF (AMEX: EEW), are
U.S.-listed international and global ETFs, which seek to replicate
indices that incorporate modern portfolio theory.
“The Robeco Developed International Equity
Index and Robeco Developed World Equity Index represent a new chapter in
international indices,” said Bill Kelly, CEO,
Robeco Investment Management, Inc. “To develop
these indices, Robeco Group’s Quantitative
Equity Group in New York and Quantitative Strategies Group in Rotterdam
incorporated portfolio risk management tools, including a quantitative
risk model and portfolio optimizer, in an effort to balance potential
risk with reward. The indices are the product of Robeco’s
highly experienced and successful quantitative talent.”
The Claymore/Robeco Developed International Equity ETF (EEN) and the
Claymore/Robeco Developed World Equity ETF (EEW) bring alpha-driven
strategies to international and global investing through direct
investment in foreign ordinary securities and American Depositary
Receipts.
"We are delighted to be the first among our peers to partner with a
respected global organization like Robeco to bring these unique products
with international alpha strategies to market," said David. C. Hooten,
Chairman and Chief Executive Officer, Claymore Securities, Inc. "For the
first time, a $187 billion European active investment manager will be an
index provider in the U.S. ETF market."
The two new ETFs from Claymore are:
Claymore/Robeco Developed International Equity ETF (AMEX: EEN)
The Claymore/Robeco Developed International Equity ETF seeks investment
results that correspond generally to the performance, before the Fund’s
fees and expenses, of an equity index called the Robeco Developed
International Equity Index (the “Index”).
The Index is designed to invest in liquid, tradable international
securities in developed markets excluding the United States and Canada
with market capitalizations of U.S. $1 billion or greater. The Index
constituent selection methodology was developed by Robeco as a 100%
quantitative, rules-driven approach to identify companies that offer the
greatest potential for price appreciation with strong risk
diversification. Portfolio risk management tools, including a
quantitative risk model and portfolio optimizer, are utilized to balance
risk and reward. For comparative purposes the Robeco Developed
International Equity Index could be compared to the MSCI EAFE®
Index.
Claymore/Robeco Developed World Equity ETF (AMEX: EEW)
The Claymore/Robeco Developed World Equity ETF seeks investment results
that correspond generally to the performance, before the Fund’s
fees and expenses, of an equity index called the Robeco Developed World
Equity Index (the “Index”).
The Index is designed to invest in liquid, tradable global securities in
developed markets that include the United States and Canada with market
capitalizations of U.S. $1 billion or greater. The Index constituent
selection methodology was developed by Robeco as a 100% quantitative,
rules-driven approach to identify companies that offer the greatest
potential for price appreciation with strong risk diversification.
Portfolio risk management tools, including a quantitative risk model and
portfolio optimizer, are utilized to balance risk and reward. For
comparative purposes the Robeco Developed World Equity Index could be
compared to the MSCI World IndexSM.
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 January 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, is the
investment adviser to the funds.
About Robeco Investment Management, Inc.
Robeco Investment Management, Inc. is the U.S. asset management arm of
global fund manager Robeco Group, headquartered in the Netherlands, with
assets of approximately $187 billion, globally. The Robeco Investment
Management platform is comprised of three divisions: Robeco Boston
Partners, Robeco Sage and Robeco Weiss, Peck & Greer. Products include
U.S. equity, U.S. fixed income, fund of hedge funds and alternatives.
Additionally, the firm offers global and international equity, including
emerging markets, and fixed income products through its European
affiliates.
Important Risks and Other Considerations
This information does not represent an offer to sell securities of the
funds and it is not soliciting an offer to buy securities of the funds.
There can be no assurance that the funds will achieve their investment
objectives.
An investment in the various Claymore ETFs is subject to certain risks
and other considerations. Such risks and considerations include, but are
not limited to:
Investment Risk: An investment in the Funds is subject to investment
risk, including the possible loss of the entire principal amount that
you invest.
Equity Risk: The risk that the value of the securities held by the Funds
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
Funds invests.
Foreign Investment Risk: The Fund’s
investments in non-U.S. issuers may involve unique risks compared to
investing in securities of U.S. issuers, including, among others,
greater market volatility than U.S. securities and less complete
financial information than for U.S issuers. The Fund’s
investments in foreign securities may involve higher costs than
investments in U.S. securities, including higher transaction and custody
costs as well as the imposition of additional taxes by foreign
governments. The Fund’s foreign investments
may also involve risks associated with the level of currency exchange
rates, less complete financial information about the issuers, less
market liquidity, more market volatility and political instability.
Future political and economic developments, the possible imposition of
withholding taxes on dividend income, the possible seizure or
nationalization of foreign holdings, the possible establishment of
exchange controls or freezes on the convertibility of currency, or the
adoption of other governmental restrictions might adversely affect the
Fund’s investments in foreign securities.
Additionally, foreign issuers may be subject to less stringent
regulation, and to different accounting, auditing and recordkeeping
requirements. In addition, the underlying issuers of certain depositary
receipts, particularly unsponsored or unregistered depositary receipts,
are under no obligation to distribute shareholder communications to the
holders of such receipts, or to pass through to them any voting rights
with respect to the deposited securities.
Industry Risk: While the Funds do not concentrate in any industry, to
the extent that the Funds focus their investments in a particular
industry or group of related industries, the NAV of the Funds will be
more susceptible to factors affecting that industry or sector.
Non-Correlation Risk: The Fund’s return may
not match the return of the Index for a number of reasons. For example,
the Fund incurs a number of operating expenses not applicable to the
Index, and incur costs in buying and selling securities, especially when
rebalancing the Funds’ securities holdings to
reflect changes in the composition of the Index.
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.
Replication Management Index: Unlike many investment companies, the
funds are 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. The value of securities of smaller issuers can be more volatile
than that of larger issuers.
Non-Diversified Fund Risk. The Fund is considered non-diversified and
can invest a greater portion of assets in securities of individual
issuers than a diversified fund. As a result, changes in the market
value of a single investment could cause greater fluctuations in share
price than would occur in a diversified fund.
Robeco Investment Management, Inc. makes not warranty, express or
implied, as to results to be obtained by licensee, owners of the
product, or any other person or entity from the use of the index or any
data included therein in connection with the rights licensed hereunder
or for any other use. Robeco makes no express or implied warranties, and
hereby expressly disclaims all warranties of merchantability or fitness
for a particular purpose or use with respect to the index or any data
included therein. Without limiting any of the foregoing, in no event
shall Robeco have any liability for any special, punitive, indirect, or
consequential (including lost profits), even if notified of the
possibility of such damages.
Robeco Investment Management, Inc. determines, composes and calculates
the index without regard for the product. The product itself is not
sponsored, endorsed, sold or promoted by Robeco. Robeco has no
obligation or liability regarding the administration, marketing or
trading of the product, and makes no representation or warranty to the
owners of the product, or to any member of the public, regarding
investing in securities generally or in the product particularly.
Investors buying or selling ETF shares on the secondary market may incur
brokerage costs and other transactional fees. Shares of ETFs may
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 Funds issue and redeem 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 not 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 Funds.
The Funds shares do not represent a deposit or obligation of, and are
not guaranteed or endorsed by, any bank or other insured depository
institution, and are not federally insured by the Federal Deposit
Insurance Corporation, the Federal Reserve Board or any other government
agency.
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.