Claymore Investments Lowers Fees on Two CorePortfolio(TM) ETFs Listed on TSX

    TORONTO, Nov. 17 /CNW/ - Claymore Investments, Inc., a leading provider
of intelligent exchange traded funds, is pleased to announce the lowering of
the management fees on its two Claymore CorePortfolio(TM) ETFs to 0.25%.
    Claymore CorePortfolio(TM) ETFs, which are the Claymore Balanced Income
CorePortfolio(TM) ETF (TSX: CBD/CBD.A) and Claymore Balanced Growth
CorePortfolio(TM) ETF (TSX: CBN/CBN.A) are asset allocation portfolio
solutions using exchange traded funds to create efficient, balanced and
diversified portfolios tailored to specific investment goals and risk
profiles. The two funds dynamically invest in ETFs covering multiple asset
classes, including Canadian and Global Equities, Government and corporate
fixed income, real return fixed income, real estate securities and
commodities.
    The annual management fee on the CorePortfolios(TM) will be reduced from
0.70% to 0.25%. Accordingly, Claymore will no longer rebate back the fees of
underlying Claymore ETFs held within the CorePortfolio(TM) ETFs. These changes
will take effect immediately.
    "Our CorePortfolio(TM) ETFs are the first ETF Wrap program providing an
easy way for investors to get exposure to a broadly diversified balanced
portfolio. When we launched these ETFs in June 2007, they were two of the
lowest cost wrap funds in Canada. By reducing the fees, we are making the fee
structure more transparent for investors and the products even more cost
competitive," said Som Seif, President and CEO, Claymore Investments.
    The two Claymore CorePortfolio(TM) ETFs provide a diversified portfolio
designed with specific risk and investment goals in mind.

    -   Claymore Balanced Income CorePortfolio(TM) ETF (TSX: CBD/CBD.A) seeks
        to generate a high level of current income with long-term capital
        appreciation potential.

    -   Claymore Balanced Growth CorePortfolio(TM) ETF (TSX: CBN/CBN.A) seeks
        to balance strong long-term capital appreciation potential and
        current income with a bias toward capital appreciation.

    The Claymore CorePortfolio(TM) ETFs may be considered a starting point
for a large portfolio or the core holding in a smaller investment portfolio.
    For the new allocation ranges, please visit the Claymore Investments Inc.
website at www.claymoreinvestments.ca/etf/ or call (866) 417-4640.

    Claymore Investments, Inc. is the leader in bringing intelligent, low
cost exchange traded funds in Canada through its family of 21 domestic and
international index-based and actively managed exchange-traded funds listed on
the Toronto Stock Exchange. Claymore Investments, Inc. is a wholly-owned
subsidiary of Claymore Group, Inc., a financial services and asset management
company based in the Chicago, Illinois area. Claymore Group entities provide
supervision, management, servicing or distribution on approximately US$13.8
billion in assets as of September 30, 2008.
    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 further information: Sara Beazely, sbeazely@claymoreinvestments.ca,
(416) 813-2007; or Som Seif, President, Claymore Investments, Inc., (866)
417-4640, info@claymoreinvestments.ca