shipping etf
Greece Bailout 2010

If Greece Defaults

Caught underneath a massive amount of debt, the country of Greece was against the ropes in early 2010 with some economists putting the size of the necessary bail-out package above US $25 billion. The situation continued right up through 2011, eventually costing the job of the Greek prime minister.

A very large portion of the stock investments by the SEA Shipping ETF is invested in the securities of Greek shippers such as Diana Shipping.

If Greece defaults on its national debt, there could be a slide in the price of the shipping ETF.

Claymore Shipping ETF

In June 2010 Claymore re-introduced its shipping index fund as the Claymore Shipping ETF. Because ETFs are traded on the exchange, fund prices can vary throughout the trading day. This intraday liquidity makes the fund attractive to traders as well as investors looking to hold their shares long enough to qualify for long term capital gains treatment.