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NYSE Euronext (NYSE Euronext: NYX) today announced that the
Claymore/AlphaShares China Real Estate ETF listed and began trading on
NYSE Arca under the ticker symbol "TAO”.
As the first of its kind to market in the U.S., Claymore created "TAO”
to track the performance of the AlphaShares China Real Estate Index. The
index is designed to measure and monitor the performance of the
investable universe of publicly-traded companies and real estate
investment trusts deriving a majority of their revenues from the
development, management and/or ownership of property in China or the
Special Administrative Regions of China, such as Hong Kong and Macau.
Dr. Burton G. Malkiel, AlphaShares, Inc. CIO, notes that China’s
economy has accelerated over the past 25 years and as the economy has
expanded, demand for real estate has grown as well. The momentum of China’s
real estate expansion has been fueled by a growing population and rapid
urbanization. As more Chinese residents move from rural areas to the
cities to seek greater economic opportunity, the demand for housing and
office space is expected to increase dramatically, expanding the real
estate marketplace for investors.1 "We welcome the Claymore/AlphaShares China
Real Estate ETF as the 231st ETF to make its
primary listing on NYSE Group,” said NYSE
Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa
Dallmer. "Covering the many areas and aspects
of the Chinese real estate marketplace, "TAO”
offers customers unique access to Chinese real estate investments.”
Including today’s listings, NYSE Group
markets have 231 primary ETF listings and trade all other eligible ETFs
on a UTP basis. Through the first three quarters of 2007, NYSE Group
handled 41% of all ETF shares traded in the U.S. market. As the largest
public liquidity pool for ETF trading, NYSE Group is committed to
offering investors the most innovative new investment options with
superior pricing and market quality.
About Claymore Securities
Claymore Securities, Inc. is a privately-held financial services company
offering unique investment solutions for financial advisors and their
valued clients. Claymore entities have provided supervision, management,
servicing or distribution on approximately $18.3 billion in assets as of
November 30, 2007. Claymore currently offers exchange-traded funds, unit
investment trusts and closed-end funds. Claymore Advisors, LLC, an
affiliate of Claymore Securities, serves as investment adviser to the
Fund.
About AlphaShares
AlphaShares, Inc. is an investment management firm dedicated to
providing investors with strategies and products that allow them to
participate in China’s economic boom. The
Chief Investment Officer of AlphaShares is world renowned Princeton
University economist and author, Dr. Burton G. Malkiel.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE
Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE
Euronext (NYSE Euronext: NYX) operates the world’s
largest and most liquid exchange group and offers the most diverse array
of financial products and services. NYSE Euronext, which brings together
six cash equities exchanges in five countries and six derivatives
exchanges in six countries, is a world leader for listings, trading in
cash equities, equity and interest rate derivatives, bonds and the
distribution of market data. Representing a combined $30.3 trillion/€21.3
trillion total market capitalization of listed companies and average
daily trading value of approximately $139 billion/€103
billion (as of September 30, 2007), NYSE Euronext seeks to provide the
highest standards of market quality and integrity, innovative products
and services to investors, issuers, and all users of its markets. NYSE
Euronext is part of the S&P 500 and S&P 100 indexes.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include,
but are not limited to, statements concerning NYSE Euronext's plans,
objectives, expectations and intentions and other statements that are
not historical or current facts. Forward-looking statements are based on
NYSE Euronext's current expectations and involve risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied in such forward-looking statements. Factors that
could cause NYSE Euronext's results to differ materially from current
expectations include, but are not limited to: NYSE Euronext's ability to
implement its strategic initiatives, economic, political and market
conditions and fluctuations, government and industry regulation,
interest rate risk and U.S. and global competition, and other factors
detailed in NYSE Euronext’s reference
document for 2006 ("document de référence")
filed with the French Autorité des Marchés
Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual
Report on Form 10-K, as amended, and other periodic reports filed with
the U.S. Securities and Exchange Commission or the French Autorité
des Marchés Financiers. In addition, these
statements are based on a number of assumptions that are subject to
change. Accordingly, actual results may be materially higher or lower
than those projected. The inclusion of such projections herein should
not be regarded as a representation by NYSE Euronext that the
projections will prove to be correct. This press release speaks only as
of this date. NYSE Euronext disclaims any duty to update the information
herein.
The Fund and its Shares are not sponsored, endorsed, sold or promoted by
AlphaShares, Inc. ("Licensor”)
and its affiliates. Licensor makes no representation 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 Index to track general
stock market performance. The Licensor’s only
relationship to Claymore Advisors, LLC ("Licensee”)
is the licensing of certain trademarks and trade names of AlphaShares
and of the Index, which is determined, composed and calculated by
Licensor without regard to Licensee or the Fund. Licensor has no
obligation to take the needs of the Licensee or the shareholders of the
Fund into consideration in determining, composing or calculating the
Index. Licensor shall not be liable to any person for any error in the
Index nor shall it be under any obligation to advise any person of any
error therein.
1 Burton G. Malkiel and Patricia A. Taylor, From
Wall Street to the Great Wall, 180–1
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