NYSE Euronext (NYX) today announced the launch of the first U.S.-listed "Frontier Market" ETF, the Claymore/BNY Mellon Frontier Markets ETF (NYSE Arca:
Based on the Bank of New York Mellon New Frontier DR Index,
As of May 23, 2008, the index was comprised of 42 constituents and included the following countries: Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates, Egypt, Ghana, Kenya, Malawi, Mauritius, Morocco, Nigeria, Tunisia, Zimbabwe, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia, Ukraine, Bangladesh, Pakistan, Papua New Guinea, Sri Lanka, Vietnam, Peru, Chile, Colombia, Ecuador, Jamaica, Panama, and Trinidad and Tobago. The Bank of New York Mellon New Frontier DR Index includes only companies with float-adjusted market capitalizations of more than $100 million that have depositary receipts that trade on
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and