If you’ve been missing the shipping exchange traded fund (ETF) since it closed recently, fret no more: today, the Claymore Delta/Global Shipping ETF (NYSEArca: SEA) once again takes 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 Step?]
The index includes 30 companies within the maritime industry.
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.