Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products April 7, 2009
Claymore Offers Two More ETFs
Claymore Investments, a Canadian exchange-traded fund (ETF) provider, has launched two foreign-equity-based ETFs.
Reported by Fred Schneyer
A Claymore news release identified the new offerings as the Claymore Broad Emerging Markets ETF and the Claymore US Fundamental Index.
The Claymore Broad Emerging Markets ETF has been designed to provide investors with exposure to the return and performance of an Emerging Markets Benchmark Index, such as the MSCI Emerging Markets Index, net of expenses. The ETF is currency-hedged to help reduce the foreign currency exposure risk, the release said.
Meanwhile, the Claymore US Fundamental Index ETF (non-hedged) adds to Claymore’s Fundamental Index ETF family. The ETF is based on the FTSE RAFI Fundamental Indexes, which are non-market capitalization weighted indexes and provides exposure to the U.S. core equity markets.