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The Claymore Global Shipping Index ETF (SEA) is based on the Delta Global Shipping Index, including companies that derive at least 80% of their revenues from the seaborne transport of goods or the operating and leasing of ships. The minimum market cap for a company to be included in the fund is $250 million, and a 30 day trading volume of $2 million.
SEA is country heavy in Greece (34%), the United States (17%), Bermuda (16%), and the Bahamas (11%).
The top 10 holdings in the Global Shipping Index ETF are:
The fund is currently comprised of 30 companies, and has a price to earnings ratio of 6.6. The fee structure is capped at 65 basis points, and currently has total managed assets of around $5.7 million trading on the NYSE Arca exchange.