Claymore Securities offers sun exposure

- By Risk Staff
- 01 May 2008

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US-based Claymore Securities has launched the first solar power exchange-traded fund (ETF) on NYSE Arca. The Global Solar Energy index ETF seeks to replicate the Mac Global Solar Energy index, which provides access to 25 leading global solar companies with a combined market capitalisation of nearly $100 billion.

The Global Solar Energy index, developed and maintained by Mac Indexing, is the first to independently track the solar energy sector. Mac Indexing is an affiliate of Melvin, which

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