New York (PRWEB) December 11, 2006 -–
Clear Indexes LLC, which creates custom indexes for investment product design and individually tailored benchmarks for institutions, family offices, trusts and endowments, announces its semi-annual rebalancing of the Clear Spin-Off Index (Amex CLRSO).
Effective December 15, 2006, the following stocks will be added to the Clear Spin-Off Index:
CBS Corp, CHAPARRAL STEEL CO, CHIPOTLE MEXICAN GRILL INC, CNX GAS CORP, DELEK US HOLDINGS INC, AMBASSADORS GROUP INC, ENTERPRISE GP HOLDINGS LP, EMBARQ CORP, GERDAU AMERISTEEL CORP, LIVE NATION INC, NOVELIS INC, PROLIANCE INTERNATIONAL INC, SHIP FINANCE INTL LTD, SPANSION INC, SUNPOWER CORP, TRIPLE CROWN MEDIA INC, and VIACOM INC
Additionally, effective December 15, 2006, the following stocks will be removed from the Index:
AFFIRMATIVE INS HOLDINGS INC, ASSURED GUARANTY LTD, ASSURANT INC, BOARDWALK PIPELINE PARTNERS, GENWORTH FINANCIAL INC, HOSPIRA INC, IDENIX PHARMACEUTICALS INC, KRONOS WORLDWIDE INC, LIBERTY GLOBAL INC, LEVITT CORP, ORMAT TECHNOLOGIES INC, PHH CORP, PIPER JAFFRAY COS INC, TREEHOUSE FOODS INC, HOUSTON EXPLORATION CO, TOM ONLINE INC -ADR, and WEBMD HEALTH CORP
Please click on attached file to the right to view a complete list of the companies included in the Clear Spin-Off Index.
The 40 stocks in the Clear Spin-Off Index are selected from the universe of recently spun-off companies based on Clear’s proprietary investment algorithms and independent qualitative research.
Clear Indexes LLC has granted Claymore Advisors the rights to license the Clear Spin-Off Index for the creation of the Claymore/Clear Spin-Off ETF. The Fund seeks investment results that correspond generally to the performance of the Clear Spin-Off Index before fees and expenses. Claymore Securities, Inc. acts as the distribution agent for the Fund. Neither Claymore Advisors nor Claymore Securities has any involvement with the ongoing administration of the Index.
About Clear Indexes LLC
Clear Indexes LLC creates and publishes custom indexes using a combination of qualitative research and quantitative methodologies. Clear Indexes designs custom indexes to quantitatively measure specific market segments. The indexes are used for custom institutional benchmarks and investment product design. Clear Indexes is a wholly-owned subsidiary of Clear Asset Management LLC. For more information, please see http://www.clearindexes.com.