Claymore ETF Hits The Frontiers… ‘Emerging’ Emerging Markets (FRN)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Claymore Securities Inc. has launched the Claymore/BNY Mellon Frontier Markets ETF (NYSE: FRN). This ETF is the first U.S.-listed ETF that gives access to up to 41 countries that are "less developed than traditional emerging markets," which are called "frontier markets" on Wall Street.

The "FRN" ETF seeks to replicate The Bank of New York Mellon New Frontier DR Index.  Potential countries for inclusion in the Index include Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates, Egypt, Ghana, Kenya, Malawi, Mauritius, Morocco, Nigeria, Tunisia, Zimbabwe, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia, Ukraine, Bangladesh, Pakistan, Papua New Guinea, Sri Lanka, Vietnam, Peru, Chile, Colombia, Ecuador, Jamaica, Panama and Trinidad & Tobago.  The index only includes companies with float-adjusted market capitalizations of more than $100 million that have depositary receipts that trade on U.S. exchanges or the London Stock Exchange.

Jon C. Ogg
June 12, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

SMCI Vol: 124,011,639
ON Vol: 11,831,062
GLW Vol: 18,348,487
MU Vol: 50,603,187
ABBV Vol: 9,218,739

Top Losing Stocks

CTRA Vol: 73,319,495
MRNA Vol: 8,256,899
PLTR Vol: 55,789,168
VRSN Vol: 1,690,704
CMG Vol: 18,137,476