TORONTO, Nov. 19 /CNW/ -- Claymore Investments, Inc., a leading provider of intelligent exchange-traded funds ("ETFs") in Canada, is pleased to announce the launch of the Claymore Advantaged Canadian Bond ETF (TSX:CAB).
The Claymore Advantaged Canadian Bond ETF seeks to provide a low cost, tax-efficient exposure to a diversified Canadian bond portfolio. The return of the fund is based on the price and performance of the DEX DLUX Capped Bond Index ("the Index") net of fees and expenses. The Index is designed to track Canadian investment grade Government and corporate bonds, with target exposure allocations of 60% and 40%, respectively. The fund will receive exposure to the bond securities underlying the Index through the use of a forward agreement with TD Global Finance.
"Bonds are a very important part of an investment portfolio for income and diversification purposes and CAB is a simple, low cost way to get exposure to bonds on a tax-efficient basis. The fund is structured to provide tax-efficient income, making it an optimal investment for non-registered or taxable accounts and we are excited to be partnering with DEX, the leader in Canadian fixed income indexes, to bring this product to the market" said Som Seif, President and CEO of Claymore.
CAB joins the current family of Claymore ETFs available on the TSX:
RAFI Fundamental Indexes
CRQ Claymore Canadian Fundamental Index ETF
CLU Claymore US Fundamental Index ETF (C$ hedged)
CLU.C Claymore US Fundamental Index ETF (non-hedged)
CIE Claymore International Fundamental Index ETF
CJP Claymore Japan Fundamental Index ETF (C$ Hedged)
Monthly Income and Growth
CDZ Claymore CDN Dividend & Income Achievers ETF
CYH Claymore Global Monthly Advantaged Dividend ETF
FIE Claymore Canadian Financial Monthly Income ETF
CWO Claymore Broad Emerging Markets ETF
CBQ Claymore BRIC ETF
Sector / Strategy
CGR Claymore Global Real Estate ETF
CIF Claymore Global Infrastructure ETF
COW Claymore Global Agriculture ETF
CWW Claymore S&P Global Water ETF
CMW Claymore S&P/TSX Global Mining ETF
CLO Claymore Oil Sands Sector ETF
CEW Claymore Equal Weight Banc & Lifeco ETF
CLF Claymore 15 Yr Laddered Government Bond ETF
CBO Claymore 15 Yr Laddered Corporate Bond ETF
CAB Claymore Advantaged Canadian Bond ETF
CPD Claymore S&P/TSX CDN Preferred Share ETF
CMR Claymore Premium Money Market ETF
Claymore Core Portfolios(TM)- ETF Wrap Program
CBD Claymore Balanced Income CorePortfolio(TM) ETF
CBN Claymore Balanced Growth CorePortfolio(TM) ETF
GAS Claymore Natural Gas Commodity ETF
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost exchange traded funds in Canada through its family of 24 ETFs and 3 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities. Claymore Investments, Inc., which, as at September 30, 2009 had approximately $3.4 billion in assets under management, is a wholly-owned subsidiary of Claymore Group, Inc., a financial services and asset management company based in the Chicago, Illinois area. In aggregate, Claymore Group Inc. and its affiliates have approximately 175 employees providing supervisory, management, servicing or distribution services on approximately US$13.3 billion in assets as of September 30, 2009. Claymore Group and its associated entities, including Claymore Securities, Inc., Claymore Advisors, LLC and Claymore Investments, Inc. are wholly-owned subsidiaries of Guggenheim Partners, a diversified financial services firm based in Chicago and New York with a global network of offices throughout the United States, Europe and Asia. Guggenheim Partners' businesses include investment management, investment advisory, investment banking and capital markets services with more than $100 billion in assets under supervision.
For further information about any of the Claymore funds or Claymore Investments, Inc., please contact your financial advisor or visit our website at www.claymoreinvestments.ca
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.