August 23, 2010 at 09:17 AM EDT
Claymore Launches New Micro Cap ETF (WMCR)
Claymore announced last week the introduction of a new ETF providing exposure to the smallest of the small cap domestic equities. The Wilshire Micro Cap ETF (WMCR) will seek to replicate the Wilshire US Micro-Cap Index, a benchmark consisting of approximately 1,600 micro cap stocks. The weighted average market capitalization of the underlying index is just over $160 million. Previously, WMCR was known as the Claymore/Sabrient Stealth ETF (STH), a product that sought to replicate the Sabrient Stealth Index. That benchmark consisted of stocks that were “flying under the radar” of Wall Street analysts–those that had little or no analyst coverage. Given that objective, STH had a heavy tilt towards small cap stocks, but also contained moderate exposure to mid caps and large caps. WMCR will follow a rules-based index consisting of the issues ranked below 2,500 by market capitalization of the Wilshire 5000 Total Market Index, making it a [...] Click here to read the original article on ETFdb.com. Related Stories: Claymore Launches Three Wilshire ETFs (WFVK, WXSP, WREI) Definitive Guide to Micro Cap ETFs: Micro Cap ETF Investing 101 Claymore Launches CQQQ, First China Tech ETF
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