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April 16, 2008 – Vol.13 No.4 Claymore Securities Launches Exchange-traded Fund (ETF) Tracking 25 Global Solar Companies. Claymore/MAC Global Solar Energy Index ETF (NYSE Arca: TAN) is the first solar ETF. TAN provides investors a means accessing the fast-growing global solar power industry. TAN is listed on the NYSE Arca and trades the same way as shares of a publicly traded company. The ETF will seek to replicate the MAC Global Solar Energy Index (Index Ticker: SUNIDX), which was developed and is maintained by MAC Indexing, LLC, an affiliate of Melvin & Company. "The availability of this product acknowledges the maturing of the solar energy industry and investor interest in funding solar power development,” said Christian Magoon, President of Claymore Securities, Inc. “At its inception, TAN gives investors access to a global portfolio of 25 leading solar companies with a combined market capitalization of close to $100 billion.
Claymore Securities, Inc., of Lisle, Illinois, is a privately-held financial services company. Melvin & Company, of Chicago, Illinois, specializes in clean energy equity research and index development. (4/15/08)
Links: Claymore Securities Claymore Securities TAN Melvin & Company
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes
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