Claymore Announces 2010 Next Top Model Winners
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TORONTO, Sept. 20 /CNW/ - Claymore Investments, Inc., a leading provider of intelligent exchange‐traded funds ("ETFs") in Canada, is pleased to announce the winners of the 2010 Claymore's Next Top Model Competition.
This year's competition proved to be another fun and simple way for investors to see just how easy it is to use the ever increasing and innovative family of Claymore ETFs to build well diversified portfolios. The 10 week long contest allowed participants to select a virtual portfolio of Claymore ETFs and compete for weekly prizes and the grand prize of $2,000 for the best performing risk-adjusted portfolio.
"I would like to take this opportunity to thank everyone who participated in our third annual ETF Competition and congratulate the winners." said Som Seif, President & CEO of Claymore Investments, Inc. "It is our ongoing mission to bring intelligent, innovative and low cost ETFs to the Canadian market, and this competition enables our investors to familiarize themselves with our innovative product line up and services and at the same time, have fun and test their investing skills by designing their own model portfolio using Claymore ETFs."
During this year's competition the markets were characterized by high volatility but still provided relatively strong returns as a result of rebound in the global M&A activity. However, uncertainty over sustainability of the economic growth rebound and the possibility of double dip scenario will undoubtedly keep volatility high in near term future. Investors are looking for direction and currently they get mixed signals on the current state of the global economy. This kind of environment keeps gold prices at record high prices hovering above $1,250/oz.
"Over the competition's 10 week period we had approximately 65% of all participants with positive portfolio returns, and the average participant portfolio return was 2.90% over the same period" continued Som. "These results highlight that even in a volatile environment Claymore ETFs can offer potential for positive returns while providing the opportunity to lower overall portfolio risk."
2010 Claymore's Next Top Model Winners
Grand Prize Winner: Michelle Liu
First Place Winner: Linda Mills
A complete breakdown of the winning 2010 Claymore's Next Top Model portfolios can be found at http://www.claymoreinvestments.ca/en/topmodel/default.aspx. Although the competition is over for another year, we strongly encourage Canadian investors to visit Claymore's Portfolio Index Allocator Tool, which is available all year by visiting our website (http://www.claymoreinvestments.ca/). Similar to the competition, this investor-friendly tool allows you to easily create custom model portfolios from a variety of broad market, equity and fixed income indices along with global thematic strategies focused on global investment trends.
About Claymore Investments, Inc.
Claymore Investments, Inc. is a leader in bringing intelligent, low cost exchange-traded funds in Canada through its family of 28 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $4.7 billion in assets under management as of August 31, 2010. Claymore Investments, Inc. is wholly-owned subsidiary of Guggenheim Partners, LLC, 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 market 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.
For further information:
For media inquiries, please contact:
Dan Rubin
Vice-President, Marketing
(416) 813-2018
[email protected]
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Som Seif
President and CEO, Claymore Investments, Inc.
(866) 417-4640
[email protected]
www.claymoreinvestments.ca
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