Scotia iTRADE introduces Commission-Free online trading on 46 ETFs to
Claymore collaborates on the offering structure as well as the
development of educational content for Scotia iTRADE investors1
TORONTO, Sept. 15, 2011 /CNW/ - Scotia iTRADE today announced that
Canadian investors can now buy and sell a wide selection of Exchange
Traded Funds (ETFs) Commission-Free*. Forty-six ETFs from Claymore and
other leading Canadian ETF providers are now available through this
offer for trading only at Scotia iTRADE1.
The wide selection of ETFs eligible for commission-free online trading
covers a broad universe of sectors and investing themes and will be
31 Claymore Funds
8 iShares Funds
7 Horizons Funds
"Our customers have let us know that they want access to ETFs, as well
as more information about what these funds represent as an investment
vehicle, and we're responding," said Bob Grant, Scotiabank Managing
Director and Head of Online Brokerage. "The suite of 46 ETFs eligible
for commission-free online trading covers an extensive range of
sectors, asset classes, and investing themes to help investors continue
to build a diversified portfolio. With this move, Scotia iTRADE is
building on our market leading track record of offering innovative,
highly competitive, customer-centric and value-driven investment
Scotia iTRADE and Claymore share an enthusiasm for investors who want
low cost options making this partnership an exciting opportunity.
Claymore is a Canadian leader in bringing low cost exchange-traded
funds to Canada.
"Partnering with Scotia iTRADE is consistent with Claymore's commitment
to make investing cheaper and better for all Canadians," said Som Seif,
President and CEO, Claymore Investment Inc. "With this Commission-Free
ETF offering, the burden of paying commission fees has been taken off
the investor, allowing them to explore the market, identify new ideas,
and take control of investing opportunities."
For this suite of 46 ETFs, Scotia iTRADE will not charge its usual
commission provided customers execute their trade online or via
TELE-TRADER and hold the ETF for a minimum of one business day.
For more information about the 46 ETFs eligible for Commission-Free
online trading through Scotia iTRADE or to learn more about ETFs,
please visit www.scotiaitrade.com.
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 31 ETFs and 2 closed-end funds across broad asset classes
including core equity, global sectors, fixed income and commodities
with approximately $6.7 billion in assets under management as of August
31, 2011. Claymore is a wholly-owned 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 $100 billion in assets under
supervision. Guggenheim, through its affiliates, provides investment
management, investment advisory, insurance, investment banking, and
capital markets services. The firm is headquartered in Chicago and New
York with a global network of offices throughout the United States,
Europe, and Asia.
For further information about any of the Claymore ETFs or Claymore
Investments, Inc., please visit our website at www.claymoreinvestments.ca.
About Scotia iTRADE
Scotia iTRADE (Order-Execution Only Accounts) is a division of Scotia
Capital Inc. ("SCI"). SCI is a member of the Canadian Investor
Protection Fund and the Investment Industry Regulatory Organization of
Canada. Scotia iTRADE does not provide investment advice or
recommendations and investors are responsible for their own investment
® Registered trademark of The Bank of Nova Scotia. Used under license.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 70,000 employees,
Scotiabank Group and its affiliates serve some 18.6 million customers
in more than 50 countries around the world. Scotiabank offers a broad
range of products and services including personal, commercial,
corporate and investment banking. With assets above $567 billion (as at
July 31, 2011), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit www.scotiabank.com.
* Refers to Scotia iTRADE's brokerage commission for online trade
execution only. Does not take into account fees, charges, expenses or
commissions imposed by the fund companies, all of which can be
associated with ETF investments. Investors should carefully consider
the fund's investment objectives, risks, fees, charges, expenses and
commissions before investing. The prospectus contains this and other
important information about the fund. Please read the prospectus
carefully before investing. Funds are not guaranteed, their values
change frequently and past performance may not be repeated. Investors
will be charged our regular equity commission (from $6.99, $9.99, or
$19.99 +0.02/share) depending on the pricing tier for which the
investor qualifies - see online fee schedule) on the sale of any
eligible ETFs held for less than 1 business day. Broker-assisted trades
are subject to a fee of $35.00. List of eligible ETFs is subject to
change without notice. Scotia iTRADE reserves the right to modify or
cancel this offer at any time without notice.
1 Advertising has been paid for in part by Claymore Investments, Inc. This offer is not and should not be construed as investment advice or a
recommendation to buy, sell or hold any particular security or to
follow any particular investment strategy. No ETF product, or any
information provided by or available through Claymore or any other ETF
provider, has been endorsed, validated or approved by Scotia Capital
Inc. or its affiliates, and neither Scotia Capital Inc. nor any of its
affiliates is responsible or liable therefor, or for any third party
products, opinions, information or prospectus content.
For further information:
Robyn Harper, Scotiabank Media Communications, (416) 933-1093 or firstname.lastname@example.org or Dan Rubin, Claymore Investments, Inc., (416) 813-2018 or email@example.com.