Claymore Investments announces options now available on Claymore Gold Bullion
ETF (CGL)
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 19 /CNW/ - Claymore Investments, Inc. ("Claymore") is pleased to announce that, effective today, the Montreal Exchange has listed options on the Claymore Gold Bullion ETF (TSX:CGL). Put and call options are now available for greater investment and trading strategies on the Fund (the "Fund").
Options are also currently available on the Claymore Natural Gas Commodity ETF (TSX: GAS) and the Claymore Global Agriculture ETF (TSX:COW).
About the Claymore Gold Bullion ETF (TSX:CGL)
The investment objective of the Fund is to replicate the performance of the price of gold bullion, less the Fund's expenses and fees. The Fund invests in holdings of gold bullion, in 400 or 100 troy ounce international bar sizes, and does not speculate with regard to short-term changes in gold prices. This strategy provides investors with the ability to obtain exposure to gold bullion in a convenient, tradable and secure manner without the associated inconvenience and high transaction, handling, storage, insurance and other costs typical of direct gold bullion investment. Given that gold bullion is priced in US dollars, the Fund currently offers a hedged common unit through which the Fund hedges substantially all of the Fund's US dollar currency value of these units back to the Canadian dollar, providing exposure to gold while reducing the currency risk for Canadian investors. The Fund does not anticipate making regular distributions on its units.
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost exchange traded funds in Canada through its family of 27 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 funds 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.
The securities being offered have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended, and such securities may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of the United States.
For further information: For media inquiries, please contact: Sara Beazely, (416) 813-2007, [email protected]; or Som Seif, President, Claymore Investments, Inc., (866) 417-4640, [email protected]
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