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PRINT-FRIENDLY VERSION Christian Magoon President Claymore Securities Interviewed on 06/04/2008 Provide an overview of Claymore Securities. Claymore Securities is a privately held financial services company that has been around since October of 2001. Since that time, Claymore entities have gathered over $18 billion of investor assets and really focused in on delivering innovative solutions in three separate areas: exchange traded funds, unit investment trusts, and closed end funds. Our mission at Claymore is to continue to deliver best in class managers and index providers to financial advisors and their value clients. What impact will ETFs have on the financial services industry? ETFs are revolutionizing the financial services industry – particularly in the packaged product world. ETFs really have three unique characteristics: they’re efficient, they’re transparent, and they’re flexible; and in an era of increasing market volatility and opportunities worldwide, the efficient option, ETFs, is increasingly gathering more and more assets from institutional investors as well as retail investors. Discuss the growing sophistication of investors and its impact on Claymore Securities. Investors worldwide are continuing to look at new markets and new opportunities to find that alpha, that out-performance of the market, or perhaps to be defensive and hedge some of their other positions in the marketplace. Claymore, and particularly Claymore ETFs, seek to provide access to innovative new ideas in new markets – like the new solar ETF: TAN. Why launch the Claymore/MAC Global Solar Energy Index ETF now? There has been unbelievable demand from the marketplace for an ETF in the solar industry. We’ve seen it now with the launch of TAN. Really this ETF has capitalized on the three trends that have benefited solar for years and that is: soaring traditional energy prices, the lowering of the solar technology cost of implementation, and then, finally, increased environmental awareness – which has promoted favorable government policy for solar technology. About NYSE 4 ON THE FLOOR: The New York Stock Exchange is proud to produce NYSE 4 ON THE FLOOR, an exclusive web-cast interview program featuring the foremost decision makers, executives and leaders of our time. As the center of global business, the NYSE is in a unique position to bring you unparalleled access to these extraordinary men and women. Now, through NYSE 4 ON THE FLOOR, we are able to share their expert industry perspectives, as well as candid thoughts about issues that affect us all, such as management, communication, learning, growth and professionalism. |
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