Shipping ETF

Jul 29, 2010

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What is a Shipping ETF?

UPDATE JUNE 18, 2010

The new Claymore Shipping ETF is trading under the same SEA ticker as its predecessor fund, Delta Global Shipping Index ETF.

Initial trading volumes in this new issue suggest that investor appetite for the shipping sector remains strong on the back of global recovery and growth stories such as Canada, Russia, and of course, China.

Claymore Shipping ETF

SEA is an exchange-traded fund which invests in stock and other securities of maritime shipping companies. From its introduction in 2008 until April 2010 this shipping etf was known as the Claymore/Delta Global Shipping Index ETF and traded under the ticker symbol SEA.

You can buy shares of the shipping ETF in your brokerage account or IRA. SEA is not a mutual fund, so the price of the fund shares fluctuates depending on the fund's security holdings and investor supply and demand for the shares as they trade on the exchange.

Buying SEA is much easier than buying a basket of individual shipping stocks. Just look up the recent price and decide how many shares of SEA you want to buy. The ETF also has a fairly low expense ratio which is helpful toward implementing a low cost investment strategy.