Sustainable Wealth Management, Ltd.

September 30, 2010 16:01 ET

SWM Oil Sands Sector Index® Announces Quarterly Rebalance

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2010) - Sustainable Wealth Management Ltd., an independent provider of industry specific fundamental indexes, today announced the rebalancing of the SWM Oil Sands Sector Index®. The index is rebalanced according to a proprietary five factor fundamental indexing methodology. 

The recent buyout of UTS Energy by TOTAL S.A. of France has prompted the rebalance of the index. Effective on the close of trading, Thursday, September 30, 2010, UTS Energy and OPTI Canada will be eliminated from the index and MEG Energy will be added. OPTI Canada failed to qualify for inclusion in the index due to its market capitalization declining below the $500 MM index criteria. MEG Energy is a recently launched IPO of a pure play oil sands producer focused on in situ production in the Fort McMurray area. 

Performance statistics, index methodology and constituents are available on the index website, www.swmindex.com/oilsands. An exchange-traded fund based on the SWM Oil Sands Sector Index® is available from Claymore Investments, Inc., wholly-owned subsidiary of Guggenheim Partners, LLC under the symbol CLO on the TSX exchange. For more details, visit the following link:

www.claymoreinvestments.ca/en/etf/fund/clo

Contact Information

  • Sustainable Wealth Management Ltd.
    Derek Gates, CFA
    President
    222 16th Ave N.E., Suite 224
    Calgary, Alberta T2E 1J8
    (832) 316-5110