The Claymore
BNY/Mellon Frontier Markets ETF (FRN),
an exchange-traded fund (ETF) which started trading on June 12,
2008, includes exposure to 17 frontier markets including Bahrain,
Chile, Columbia, Czech Republic, Egypt, Estonia, Georgia, Kazakhstan,
Kuwait, Lebanon, Nigeria, Oman, Pakistan, Peru, Poland, Ukraine
and United Arab Emirates.
Frontier markets are often developing and can be quite volatile.
The top five country weightings of FRN are Poland, Chile, Egypt,
Kazakhstan and Peru.
The top three sector weightings are financials, materials and telecommunications.
The top five holdings as of August 12, 2008 are Bank
Pekao (BAPA),
Telekomunikacja Polska
(TPSA),
Orascom Telecom
Holding (ORTE),
Orascom
Construction Industries Company (OCIC)
and Polski Koncern
Naftowy Orlen (PKNA)
FRN has a net expense ratio of 0.65 percent.
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Updated August 15, 2008.
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