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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
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
"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.
SOURCE Claymore Investments, Inc.
For further information:
For media inquiries, please contact:
President and CEO, Claymore Investments, Inc.