TORONTO, Jan. 11 /CNW/ - Claymore Investments, Inc., a leading provider of intelligent exchange-traded funds ("ETFs") in Canada, is pleased to announce the launch of the Claymore Advantaged High Yield Bond ETF (TSX:CHB).
The Claymore Advantaged High Yield Bond ETF (the "Fund") has been designed to provide investors with exposure to the return and performance of a broad liquid high yield corporate bond index, the Barclays Capital U.S. High Yield Very Liquid Index ("the Index"), net of fees and expenses. The Index includes publicly issued United States ("US") dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that are rated high-yield (Ba1/BB+/BB+ or below) using the middle rating of Moody's, S&P, and Fitch, respectively, have a remaining maturity of at least one year and have $600 million or more of outstanding face value. The Fund will obtain exposure to the Index constituents through the use of a forward agreement with TD Global Finance, a member of TD Bank Financial Group.
Given that the high yield bonds comprising the Index are priced in US dollars, the Fund intends to hedge the Fund's US dollar currency value back to the Canadian dollar, providing exposure to the bonds underlying the Index while reducing the currency risk for Canadian investors.
"High Yield bonds are a very important part of an investment portfolio for their income and diversification benefits and CHB is a simple, low cost way to obtain hedged exposure to high yield bonds on a tax-efficient basis, making it an optimal investment for income-focused investors," said Som Seif, President and CEO of Claymore.
CHB joins the current family of Claymore ETFs available on the TSX:
RAFI Fundamental Indexes
CRQ Claymore Canadian Fundamental Index ETF
CLU Claymore US Fundamental Index ETF (C$ hedged)
CLU.C Claymore US Fundamental Index ETF (non-hedged)
CIE Claymore International Fundamental Index ETF
CJP Claymore Japan Fundamental Index ETF (C$ Hedged)
Monthly Income and Growth
CDZ Claymore S&P/TSX Canadian Dividend ETF
CYH Claymore Global Monthly Advantaged Dividend ETF
FIE.A Claymore Canadian Financial Monthly Income ETF
CWO Claymore Broad Emerging Markets ETF
CBQ Claymore BRIC ETF
CGR Claymore Global Real Estate ETF
CIF Claymore Global Infrastructure ETF
COW Claymore Global Agriculture ETF
CWW Claymore S&P Global Water ETF
CMW Claymore S&P/TSX Global Mining ETF
CLO Claymore Oil Sands Sector ETF
CEW Claymore Equal Weight Banc & Lifeco ETF
CLF Claymore 1-5 Yr Laddered Government Bond ETF
CBO Claymore 1-5 Yr Laddered Corporate Bond ETF
CAB Claymore Advantaged Canadian Bond ETF
CPD Claymore S&P/TSX CDN Preferred Share ETF
CMR Claymore Premium Money Market ETF
Claymore Core Portfolios(TM) - ETF Wrap Program
CBD Claymore Balanced Income CorePortfolio(TM) ETF
CBN Claymore Balanced Growth CorePortfolio(TM) ETF
GAS Claymore Natural Gas Commodity ETF
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost exchange traded funds in Canada through its family of 25 ETFs and 3 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities. Claymore Investments, Inc., which, as at November 30, 2009 had approximately $4.1 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$13.3 billion in assets as of September 30, 2009.
For further information about the Fund 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.
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