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TORONTO, April 16 /CNW/ - Claymore Investments, Inc., is pleased to announce that common class units (the "Common Units") of the Claymore Canadian Financial Monthly Income ETF (TSX:FIE) ("the fund") are now available for trading on the TSX.
The Fund seeks to provide long-term capital appreciation by investing in equity and debt related securities involved in the Canadian financial sector. The Fund's net assets, together with borrowings under its loan facility, are invested in a diversified investment portfolio consisting primarily of securities in the Canadian financial sector, including: common shares, preferred shares, corporate bonds and income trust units.
"FIE has been one of our flagship funds and we are pleased to be bringing a low cost, common class unit of the fund to the market." said Claymore President and CEO, Som Seif. "FIE provides balanced portfolio exposure to the Canadian financial sector with a monthly stream of high income to investors. This is part of Claymore's ongoing commitment to bringing innovative, intelligent and efficient solutions to the Canadian market."
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost ETFs in Canada through its family of 26 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities. Claymore Investments, Inc., which, as at December 31, 2009 had approximately $4.4 billion in assets under management, is a wholly-owned subsidiary of Claymore Group, Inc., a financial services and asset management company based in the Chicago, Illinois area. In aggregate, Claymore Group Inc. and its affiliates have approximately 175 employees providing supervisory, management, servicing or distribution services on approximately US$15.2 billion in assets as of December 31, 2009.
For further information about any of the Claymore ETFs 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 more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.
SOURCE CLAYMORE INVESTMENTS, INC.
For further information: For further information: For media inquiries, please contact: Sara Beazely, (416) 813-2007, email@example.com; or Som Seif, President, Claymore Investments, Inc., (866) 417-4640, firstname.lastname@example.org www.claymoreinvestments.ca