If you've been missing the shipping exchange traded fund (
) since it closed recently, fret no more: the
Claymore Delta/Global Shipping ETF (NYSEArca:
has once again taken to the seas.
The fund will try to reflect the performance, before fees and
expenses, of the same index the original fund did: the Delta Global
Shipping Index, or the "Shipping Index." SEA has an expense ratio
of 0.65%. [
Claymore Closes Shipping ETF; What's the Next
The index includes 30 companies within the maritime
Companies come from developed markets, which include Australia,
Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong
Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway,
Portugal, Singapore, Spain, Sweden, Switzerland, the United States
or the United Kingdom.
No single security weight will exceed 4% of the index at the
time of rebalancing. Rebalancing will occur quarterly. [
Shipping ETF Sailing an Open Course.
The shipping sector will be a major indicator of how the
economic recovery is proceeding as countries around the world ship
raw materials and finished goods back and forth. Dry bulk freight
rates have been rising in recent months, along with capesize vessel
reports My Iris
. China is a major consumer of raw materials these days, and many
of the ships are heading in their direction.
For more information on the shipping industry, visit our
Max Chen contributed to this article.