Claymore Investments, Inc. has launched Claymore S&P Global Water ETF (TSX: CWW), which began trading today on the Toronto Stock Exchange.

The new ETF is comprised of a group of companies distributed equally among two distinct clusters of water-related businesses: Water Utilities and Infrastructure; and Water Equipment & Materials.

“We are excited about the launch of this new ETF that seeks to provide exposure to the global water industry,” says Som Seif, president and CEO of Claymore Investments, Inc., Canada. “We believe nothing is more essential than water and the need for more reliable sources is very strong. We believe the increasingly tighter supply of clean, fresh water is driving greater infrastructure spending in the sector and may create good opportunities for long-term investors”.

Claymore S&P Global Water ETF seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of an equity index called the S&P Global Water Index. The index is comprised of 50 equity securities selected from a universe of companies listed on global developed market exchanges and based on the relative importance of the global water industry within those companies’ business models. The index is designed to have a balanced representation from different segments of the water industry consisting of the following two clusters: 25 Water Utilities and Infrastructure companies (water supply, water utilities, waste water treatment, water, sewer and pipeline construction, water purification, water well drilling and water testing) and 25 Water Equipment and Materials companies (water treatment chemicals, water treatment appliances, pumps and pumping equipment, fluid power pumps and motors, plumbing equipment, totalizing fluid meters and counting devices) based upon Standard & Poor’s Capital IQ industry classification.

Companies included in the Index have market capitalizations ranging from US$250 million to US$25 billion. The index is rebalanced annually.

Like Claymore Investments’ other current ETFs, Claymore S&P Global Water ETF, will be offering two classes of units, the common unit (CWW) and advisor class unit (CWW.A).