Claymore Securities launched two exchange traded funds (ETFs) on the American Stock Exchange. The Claymore/Robeco Developed International Equity (EEN) and the Claymore/Robeco Developed World Equity (EEW) will follow the Robeco Developed International Equity Index, which focuses on foreign developed-markets stocks, and the Robeco Developed World Equity Index, which is broader including the U.S. and Canada. David Hoffman of InvestmentNews.com reports these indices have been developed incorporating portfolio risk management tools, including a quantitative risk model and portfolio optimizer in order to balance risk with reward.
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