The ETF is the first ETF focused on small cap Chinese companies, the company said. The Index is designed to measure and monitor the performance of publicly-traded mainland China-based small capitalization companies.

Claymore/AlphaShares China Small Cap Index ETF seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of an equity index called the AlphaShares China Small Cap Index. The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts, American depositary shares, global depositary receipts, and international depositary receipts that comprise the Index.

The Index is rebalanced and reconstituted annually.

“Gaining exposure to Chinese small caps can be difficult because most other Chinese investment products are market-cap based. In those ETFs, small caps represent only a small percentage of assets at best and in the most widely held Chinese ETF, small caps currently have no representation,’ said Christian Magoon, Senior Managing Director and Head of the ETF Group for Claymore Securities, in the announcement. “But with the introduction of HAO, investors now have the opportunity to diversify among existing Chinese investments through exposure to small cap companies.’

The Index is maintained by Standard & Poor’s and is published on the AlphaShares Web site at www.alphashares.com.