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Claymore Securities Launches the Claymore China Technology ETF (NYSE Arca: CQQQ)

Claymore Securities, Inc., today announced the launch of the Claymore China Technology ETF (NYSE Arca: CQQQ), the first ETF to focus on the Chinese technology sector. The addition of CQQQ brings Claymore’s suite of China-focused ETFs to four: China technology (NYSE Arca: CQQQ), China all-cap (NYSE Arca: YAO), China small cap (NYSE Arca: HAO) and China real estate (NYSE Arca: TAO).

“We believe that the successful launch of our China all-cap ETF (NYSE Arca: YAO) in October, which posted record first-day volume for a US-listed ETF launched in 2009,1 confirmed investor appetite for investments focused on China. Earlier products, TAO and HAO, opened the doors for portfolio diversification within the China portion of an investor’s portfolio. We are excited about the launch of the newest addition to our suite, which is the first ETF to grant investors access to the Chinese technology sector, an area of the market that appears posed for continued growth,” said Christian Magoon, President of Claymore Securities, Inc.

Despite a challenging world-wide economic environment, China is predicted to claim the world’s highest GDP growth in both 2009 and 2010.2 It is expected that this growth may result in a substantial increase in China’s technology demands. Approximately $54 billion of China’s $585 billion stimulus package is being allocated to technology advancements, with a new focus on high-end production.3 The combination of the stimulus package with the increased spending power of China’s growing urban population―90% of China’s urban households are projected to be middle class or above by 20254―may have a considerable impact on the future demand for new technologies and improvements to existing technologies that may help drive future revenue and profits of China technology companies.

Chief Investment Officer of AlphaShares, the creator of the index that CQQQ seeks to track, and Princeton University economist, Dr. Burton G. Malkiel, noted, “Most investors, in my opinion, are underexposed to China to begin with. Some of the most utilized China-focused investment products have little or no exposure to the technology sector. China is developing intellectual property at a rapid rate and is already a technology powerhouse. CQQQ allows suitable investors to gain exposure to what I believe to be an important and fast growing sector of the Chinese economy.”

CQQQ seeks to replicate the AlphaShares China Technology Index (Index Ticker: ACNIT) (the “Index”). The Index seeks to measure and monitor the performance of the investible universe of publicly-traded companies based in mainland China, Hong Kong or Macau that are in the information technology sector, as defined by Standard & Poor’s Global Industry Classification Standard (“GICS”) and are open to foreign investment. The companies included in the Index must have a float-adjusted market capitalization initially of $200 million or greater and $150 million or greater for ongoing inclusion. As of October 31, 2009 the Index included 34 securities. For more information on CQQQ please visit

About Claymore Securities

Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, or servicing on approximately $13.3 billion in assets, as of September 30, 2009. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Additional information on Claymore’s exchange-traded funds is available by calling 888.WHY.ETFS (888.949.3837) or visiting Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.

About AlphaShares

AlphaShares, LLC is an investment management firm dedicated to providing investors with strategies and products to participate in China’s fast growing economy. AlphaShares investment philosophy and strategies are based on the beliefs and research of Co-Founder and Chief Investment Officer, Dr. Burton G. Malkiel. The AlphaShares team has over 100 years of experience with firms including, Barclays Global Investors, BARRA, Renaissance Technologies, Robertson Stephens & Company and The Vanguard Group.

There is no guarantee that the trends and projections noted above will continue or come to fruition, and they are subject to change. They are for illustrative purposes only and are not meant to forecast, imply or guarantee the future performance of any Claymore product. The opinions and forecasts expressed by Dr. Burton G. Malkiel are as of 12/8/09 and not necessarily those of Claymore Securities, Inc.

1Claymore using Bloomberg data. 2© International Monetary Fund (IMF): World Economic Outlook Update, October 2009. 3 Economic Observer News: China’s Stimulus Package: A Breakdown of Spending, March 7, 2009. 4The McKinsey Quarterly: The value of China’s emerging middle class, 2006.

Risk Considerations

Investors should consider the following risk factors and special considerations associated with investing in the Fund, which may cause you to lose money, including the entire principal amount that you invest. Equity Risk: The risk that the value of the securities held by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. China Investment Risk: Investing in securities of Chinese companies involves additional risks, including, but not limited to: the economy of China differs, often unfavorably, from the U.S. economy in such respects as structure, general development, government involvement, wealth distribution, rate of inflation, growth rate, allocation of resources and capital reinvestment, among others; the central government has historically exercised substantial control over virtually every sector of the Chinese economy through administrative regulation and/or state ownership; and actions of the Chinese central and local government authorities continue to have a substantial effect on economic conditions in China. In addition, previously the Chinese government has from time to time taken actions that influence the prices at which certain goods may be sold, encourage companies to invest or concentrate in particular industries, induce mergers between companies in certain industries and induce private companies to publicly offer their securities to increase or continue the rate of economic growth, control the rate of inflation or otherwise regulate economic expansion. From time to time, certain of the companies comprising the Index that are located in China may operate in, or have dealings with, countries subject to sanctions or embargoes imposed by the U.S. government and the United Nations and/or in countries identified by the U.S. government as state sponsors of terrorism. Foreign Investment Risk: Investing in non-U.S. issuers may involve unique risks such as currency, political, and economic risk, as well as less market liquidity, generally greater market volatility and less complete financial information than for U.S. issuers. Investment in securities of issuers based in developing or “emerging market” countries entails all of the risks of investing in securities of non-U.S. issuers, as previously described, but to a heightened degree. Technology Sector Risk: Competitive pressures may have a significant effect on the financial condition of companies in the technology sector. Also, many of the products and services offered by technology companies are subject to the risks of short product cycles and rapid obsolescence. Companies in the technology sector also may be subject to competition from new market entrants. Such companies also may be subject to risks relating to research and development costs and the availability and price of components. As product cycles shorten and manufacturing capacity increases, these companies could become increasingly subject to aggressive pricing, which hampers profitability. Other risks include those related to regulatory changes, such as the possible adverse effects on profits of recent increased competition among telecommunications companies and the uncertainties resulting from such companies’ diversification into new domestic and international businesses, as well as agreements by any such companies linking future rate increases to inflation or other factors not directly related to the actual operating profits of the enterprise. Limited Exposure Risk. China A-Shares and China B-Shares are not eligible for inclusion in the Index, even if they would otherwise qualify under the other criteria set forth under “Index Construction” found in the prospectus. China A-Shares are subject to substantial restrictions on foreign investment, while the China B-Share market generally is smaller and offers less liquidity than the categories of securities which may be included in the Index. However, by excluding such shares from the Index, the exposure provided by the Index (and thus the Fund) to the Chinese presence in the sector may be more limited than would be the case if the Index included China A-Shares or China B-Shares. Micro-, Small- and Medium-Sized Company Risk: Investing in securities of these companies involves greater risk as their stocks may be more volatile and less liquid than investing in more established companies. These stocks may have returns that vary, sometimes significantly, from the overall stock market. Micro-cap companies may be newly formed, less developed and there may be less available information about the company. In addition, the Fund is subject to: Non-Correlation Risk, Replication Management Risk, Issuer-Specific Changes, and Non-Diversified Fund Risk. Please read the Fund’s prospectus for more detailed information on these risks and considerations.

The Fund is not sponsored, endorsed, sold or promoted by AlphaShares, LLC (“Licensor”). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Index to track general market performance. Licensor’s only relationship to Claymore Advisors, LLC (“Licensee”) is the licensing of the Index which is determined, composed and calculated by Licensor without regard to Licensee or the Fund. Licensor has no obligation to take the needs of the Licensee or the shareholders of the Fund into consideration in determining, composing or calculating the Index. Licensor shall not be liable to any person for any error in the Index nor shall it be under any obligation to advise any person of any error therein.

Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETFs carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc.


Claymore Securities, Inc. • 2455 Corporate West Drive • Lisle, Illinois 60532

1-888-949-3837 •

Member FINRA/SIPC 12/09


Marisha Mistry, 212-704-4592

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