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TORONTO, Sept. 13, 2011 /CNW/ - Claymore Investments, Inc., a leading provider of intelligent exchange‐traded funds ("ETFs") in Canada, is pleased to announce the launch of the common and advisor class units of the Claymore SP US Dividend Growers ETF (TSX:CUD/CUD.A).
The Claymore SP US Dividend Growers ETF has been designed to replicate, to the extent possible, the performance of the SP High Yield Dividend Aristocrats CAD Hedged Index, net of expenses. The SP High Yield Dividend Aristocrats CAD Hedged Index is comprised of the 60 highest dividend yielding constituents of the stocks of the SP Composite 1500 Index that have increased dividends every year for at least 25 consecutive years.
"Investors recognize that dividends play an important part in growing their wealth. Dividends provide the potential to increase capital returns and an added degree of protection from an income stream not tied to the stock price," said Som Seif, President CEO of Claymore Investments, Inc. "Building on the success of our Canadian dividend grower strategy, the Claymore SP/TSX Canadian Dividend ETF, the Claymore SP US Dividend Growers ETF offers investors intelligent, low cost, and currency hedged exposure to US dividend paying companies."
The Claymore SP US Dividend Growers ETF has closed the initial offering of its units and the units will begin trading on the Toronto Stock Exchange when it opens this morning.
About Claymore Investments, Inc.
Claymore Investments, Inc. ("Claymore") is a Canadian leader in bringing intelligent, low cost exchange-traded funds in Canada through its family of 31 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with over $6.7 billion in assets under management as of August 31, 2011. Claymore Investments, Inc. 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 an indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.
For further information about any of the Claymore ETFs or Claymore Investments, Inc., please visit our website at www.claymoreinvestments.ca
Commissions, management fees and expenses may be associated with an investment in an exchange-traded fund ("ETF"). Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of an ETF before investing. Please read the prospectus carefully before you invest. For a copy of the prospectus or more information, please contact your IIROC registered advisor or Claymore Investments, Inc.