Mar. 10, 2011 (Canada NewsWire Group) --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Claymore's first ETF celebrates its fifth anniversary as the #2 Ranked Canadian Equity Fund
TORONTO, March 10 /CNW/ -Today Claymore Investments, Inc. along with its partner Research Affiliates, LLC celebrate the fifth anniversary of the Claymore Canadian Fundamental Index ETF (TSX: CRQ), Claymore's very first exchange-traded fund (ETF) launch and the first ETF in Canada to utilize a Fundamental Index® strategy.
Over the past five years, CRQ has outperformed the benchmark S&P/TSX 60 and the majority of mutual funds in the Canadian equity category. CRQ is the #2 ranked fund (out of 93 funds with 5 year track records) in the Canadian Equity fund category to the end of February 2011. CRQ has also received a Five-Star rating from Morningstar.
"CRQ has quietly become one of the best Canadian equity funds in Canada, and not only proves that the Fundamental Index strategy can produce returns superior to the market, but most active managers as well, said Som Seif, President and CEO of Claymore Investments. "As a firm, we continue to believe that by coupling disciplined and intelligent passive strategies with low management fees, we can provide Canadians with great products for the long term investor through our lineup of Claymore ETFs. It is this focus and the success of funds such as CRQ that has made Claymore one of the country's fastest-growing investment firms."
The Fundamental Index approach is designed to overcome the limitations of traditional market capitalization indices, which tend to overweight overvalued stocks and underweight undervalued stocks, resulting in a drag on performance. Instead, the Research Affiliates Fundamental Index® (RAFI®) methodology selects and weights its constituents based on company fundamental factors: dividends, total sales, free cash flow and book equity value. The Fundamental Index strategy seeks to measure a company's economic "footprint," avoiding market fads, speculation, and constantly shifting expectations.
"In the past five years, the RAFI methodology has delivered on its promise. The Index methodology has generated superior performance during a period of market turmoil, in Canada and worldwide" said Rob Arnott, chairman and CEO of Research Affiliates, LLC. "We are delighted to continue our relationship with Claymore, which offers leading products to Canadian investors."
In addition to CRQ, Claymore offers Canadian investors four additional funds that utilize the RAFI methodology, including the Claymore US Fundamental Index ETF - C$ Hedged (TSX: CLU) and the Claymore US Fundamental Index ETF - non-hedged (TSX: CLU.C), the Claymore International Fundamental Index ETF (TSX: CIE), the Claymore Japan Fundamental Index ETF - C$ Hedged (TSX: CJP).
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost exchange traded funds in Canada through its family of 30 ETFs and 2 closed‐end funds across broad asset classes including core equity, global sectors, fixed income and commodities and includes the Claymore Gold Bullion ETF (TSX: CGL). Claymore Investments, Inc., which, as at February 28, 2011 had approximately $6.0 billion in assets under management, is a wholly‐owned subsidiary of Guggenheim Funds Services Group, Inc., a financial services and asset management company based in the Chicago, Illinois area and is an indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a global, diversified financial services firm with in excess of US$100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking and capital markets services.
For more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.
About Research Affiliates, LLC
Research Affiliates, a global leader in innovative investing and asset allocation strategies, operates worldwide from its base in Newport Beach, Calif. Dedicated to solving complex investment issues, the firm creates innovative strategies that respond to the current needs of the market. Leveraging its strong research focus, Research Affiliates distributes products in partnership with some of the world's leading financial institutions. These affiliations take the form of direct asset management, sub-advisory services, and licensing agreements.
The firm is majority employee-owned and has 60 employees. Approximately $69 billion in assets were managed worldwide using investment strategies developed by Research Affiliates, as of Dec. 31, 2010.
The trade names Fundamental Index®, RAFI®, the RAFI logo, and the Research Affiliates corporate name and logo are registered trademarks and are the exclusive property of Research Affiliates, LLC. Fundamental Index® concept, the non-capitalization method for creating and weighting of an index of securities, is the patented and patent-pending proprietary intellectual property of Research Affiliates, LLC.
For media inquiries, please contact:
Dan Rubin, Vice-President, Marketing