Claymore Lists The Claymore/BNY Mellon Frontier Markets ETF On NYSE Arca - First Frontier Market ETF

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: FRN ).  ETFs and ETNs listed on NYSE Arca--an industry leader in ETF and ETN listings and trading- represent 56% of ETF and ETN assets under management in the U.S., nearly $621 billion, the most of any exchange.

Based on the Bank of New York Mellon New Frontier DR Index, FRN is designed to track the performance of depositary receipts, in ADR or GDR form, of companies from countries that are defined as part of the “Frontier Market.”   The Bank of New York Mellon, the fund’s index provider, defines Frontier Market countries based upon an evaluation of gross domestic product growth, per capita income growth, experienced and expected inflation rates, privatization of infrastructure and social inequalities. 

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 U.S. exchanges or the London Stock Exchange.

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 ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity.    Including today’s listings, NYSE Arca has 271primary ETF and 56 ETN listings and trades all other eligible ETFs on a UTP basis.  In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs.  For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed.