Claymore Investments launches first managed futures ETF in Canada
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TORONTO, Feb. 13, 2012 /CNW/ - Claymore Investments, Inc. ("Claymore"), 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 Managed Futures ETF (TSX:CMF/CMF.A).
The Claymore Managed Futures ETF ("CMF") seeks to capitalize on price trends of a diverse universe of commodity, currency, equity, and fixed income futures contracts through a systematic trend-following strategy. The Fund tracks the performance of the Guggenheim Managed Futures Index (the "Index") and offers investors the potential for downside protection, true asset class diversification, and a hedge against inflation.
Claymore is bringing an important strategy and a true innovation to Canadians. Claymore, in partnership with Guggenheim, has taken what it believes is the best quantitative and rules-based approach to managed futures investing, and brought it to a low cost index approach. The strategy focuses on risk management, while also capturing the true uncorrelated "beta" that managed futures strategies can provide, with a low cost.
"We continuously are striving to bring great investment products, with low cost, and have once again done this with this product. We believe this product will change the alternative investing market and will really challenge the convention that you need to pay high management and performance fees in order to get access to quality, uncorrelated asset classes." said Som Seif, President & CEO of Claymore Investments, Inc. "Managed futures strategies have a long track record of above average returns and diversification benefits, and this ETF provides investors access to this important strategy for portfolio diversification and risk reduction, along with transparency, no performance fees, daily liquidity, and no investment minimums."
The Claymore Managed Futures 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 34 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $7.5 billion in assets under management as of January 31, 2012. Claymore is a 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 $125 billion in assets under supervision.
On January 11, 2012, Claymore announced that BlackRock, Inc. has entered into a definitive agreement with subsidiaries of Guggenheim to acquire all of Guggenheim's interest in Claymore. The transaction is subject to regulatory and other approvals and is expected to close by the end of the first quarter of 2012.
For further information about any of the Claymore ETFs or Claymore Investments, Inc., please visit our website at www.claymoreinvestments.ca
Management fees for common class units only. Advisor class units have higher management expense ratios because of an additional service fee payable to registered investment advisors. Commissions, trailing commissions, management fees and expenses may all 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. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
For media inquiries, please contact:
Dan Rubin
Vice-President, Marketing
(416) 813-2018
[email protected]
-or-
Som Seif
President and CEO, Claymore Investments, Inc.
(866) 417-4640
[email protected]
www.claymoreinvestments.ca
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