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| SEA to SEA: The Shipping ETF Changes its Name |
June 18, 2010SEA has begun to trade again via ARCA. The new fund is now named the Claymore Shipping ETF.As before, the fund allocation is heavily weighted toward Greek shipping names so this fund has some currency risk associated with it. The recent (2010) bailout of Greece by the EU has not helped investor optimism for Greek shipping companies on the whole. |
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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 |
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