New York, NY (April 26, 2007) – Clear Indexes LLC announced  the launch of the  Clear Mid Cap Growth Index, which Is licensed as an ETF, which is expected to commence trading today on the American Stock Exchange (AMEX: MCG).

The second in a series of Clear Indexes to be licensed to Claymore Advisors, the Clear Mid Cap Growth Index (CLRMCG) is a new breed of index that gives investors access to investments that were recently only available to institutional investors. Blurring the line between active and passive index design, the Clear Mid Cap Growth Index uses a multifactor model to concentrate the index to 50 top ranked stocks and rebalances the index quarterly.

“There is enormous demand for actively-managed indexes for innovative  investment products,” said Andrew Corn, CEO of Clear Indexes LLC.

The Clear Mid Cap Growth Index is the creation of Clear Indexes LLC,
 http://www.ClearIndexes.com, a wholly-owned subsidiary of asset management firm Clear Asset Management, http://www.ClearAM.com. Clear Indexes LLC was established to develop custom indexes for investment product design and custom institutional benchmarks. 

“We believe our proprietary algorithms, research and investment insights allow us to develop superior broad and niche indexes to help investors capture alpha,” said Osman Arain, vice president of Clear Indexes LLC.

The Clear Mid Cap Growth Index is comprised of 50 top-ranked companies that are listed on major US exchanges; have market capitalizations ranging from $2 to $10 billion and exhibit growth company characteristics.

The indices are constructed and rebalanced using Clear’s multifactor models and leverage algorithms originally developed for Clear Asset Management’s actively-managed growth portfolios.

Clear Indexes in November 2006 introduced the Clear Spin-Off Index, which was licensed to Claymore Securities for an ETF and trades under the symbol (AMEX:CSD).

For a list of constituents as of the last rebalance of the Clear Mid Cap Growth Index, please see:
http://www.clearindexes.com/INDX.aspx?INDX=CLRMCG&sub=3

For a white paper illustrating the Clear Mid Cap Growth Index design and construction, please see:
http://www.clearindexes.com/INDX.aspx?INDX=CLRMCG&sub=2

About Clear Indexes LLC
Clear Indexes LLC creates and publishes custom indexes using a combination of qualitative research and quantitative methodologies. Clear Indexes designs custom indexes to quantitatively measure specific market segments. The indexes are used for custom institutional benchmarks and investment product design. Clear Indexes is a wholly-owned subsidiary of Clear Asset Management LLC. For more information, please see http://www.ClearIndexes.com.

About Clear Asset Management LLC
Clear Asset Management LLC (Clear AM) offers seven stock style portfolios to institutional investors and financial advisors in separately managed accounts. Rigorous stock selection using proprietary multifactor models that screen, rank and weight stocks and a focus on delivering superior long-term results set Clear Asset Management apart. Clear AM is a Registered Investment Advisor. For more information, please see http://www.ClearAM.com.