TORONTO, Jan. 31 /CNW/ - Claymore Investments, Inc. is pleased to
announce the launch of the Claymore 1-5 Yr Laddered Government Bond ETF (CLF)
to begin trading today on the Toronto Stock Exchange (TSX).
The Claymore 1-5 Yr Laddered Government Bond ETF seeks to provide a
return based on the price and performance, less expenses, of the DEX 1-5 yr
Laddered Government Bond Index ("the Index"). The ETF provides investors of
different sizes with the opportunity to gain exposure to a diversified
government bond portfolio, designed into five staggered ("laddered") maturity
levels from one year to five year, which are equally weighted. Each year,
bonds will roll into lower ladder bucket, with all bonds from shortest term
bucket rebalancing out the "new" longest bucket.
"The bond ladder strategy is considered one of the best ways to build a
bond portfolio and this ETF brings it to Canadian investors in a simple, low
cost, easy to trade and implement fund. With a management fee of 15 bps, it
will be the lowest cost Canadian public bond fund and the lowest cost Canadian
ETF in Canada. We believe it has a place in most investors' portfolios and we
are excited to be partnering with DEX, the leader in Canadian fixed income
indexes, to bring this to the market.", said Som Seif, President & CEO of
Claymore Investments, Inc.
CLF joins the current family of Claymore ETFs available on the TSX:
RAFI Fundamental Indexes
CRQ - Claymore Canadian Fundamental Index ETF
CLU - Claymore US Fundamental Index ETF (C$ hedged)
CIE - Claymore International Fundamental Index ETF
CJP - Claymore Japan Fundamental Index ETF (C$ Hedged)
CWW - Claymore S&P Global Water ETF
CMW - Claymore S&P/TSX Global Mining ETF
COW - Claymore Global Agriculture ETF
CLO - Claymore Oil Sands Sector ETF
CBQ - Claymore BRIC ETF
Monthly Income and Growth
CDZ - Claymore CDN Dividend & Income Achievers ETF
CYH - Claymore Global Monthly Yield Hog ETF
FIE - Claymore Canadian Financial Monthly Income ETF
CLF - Claymore 1-5 Yr Laddered Government Bond ETF
CPD - Claymore S&P/TSX CDN Preferred Share ETF
Claymore CorePortfolios(TM) Series - ETF Wrap Program
CBD - Claymore Global Balanced Income ETF
CBN - Claymore Global Balanced Growth ETF
Like Claymore Investments' other current ETFs, Claymore 1-5 Yr Laddered
Government Bond ETF will be offering two classes of units, the Common Unit
(CLF) and Advisor Class Unit (CLF.A).
About Claymore Investments
Claymore Investments, Inc. is responsible for the administration and
management of the ETFs. Claymore is a wholly owned subsidiary of Claymore
Group, Inc., a financial services and asset management company based in the
Chicago, Illinois area. As of December 31, 2007, Claymore entities have
provided supervision, management, servicing or distribution on approximately
$18.5 billion in assets through exchange-traded funds, closed-end funds, unit
investment trusts, mutual funds, and separately managed accounts. Claymore
Advisors, LLC, an affiliate of Claymore Securities, serves as investment
adviser to the funds.
For more information investors should consult with their investment
advisor or visit our website at www.claymoreinvestments.ca.
There is no assurance the Fund will achieve its investment objective.
Past performance does not guarantee future results. Index returns do not
represent Fund returns. The Index performance results are hypothetical.
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:
For further information: For media inquiries, please contact: Som Seif,
President, Claymore Investments, Inc., (866) 417-4640,