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Claymore Investments launches Global Agriculture ETF in Toronto

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Claymore Investments has launched the Claymore Global Agriculture ETF, which seeks to provide investment results that correspond to the performance of the MFC Global Agriculture Index, on

Claymore Investments has launched the Claymore Global Agriculture ETF, which seeks to provide investment results that correspond to the performance of the MFC Global Agriculture Index, on the Toronto Stock Exchange.

The index seeks to provide long-term capital appreciation by investing in the equity and equity-related securities of issuers involved in the agricultural sector. MFC employs a proprietary quantitative multi-factor bottom-up selection process to select and weight the leading companies active in the sector.

‘Agriculture and the business of feeding the world’s population continue to develop into one of the biggest stories of this century,’ says Claymore president and chief executive Som Seif. ‘Structural changes in the industry have caused an interesting supply and demand dynamic for the agricultural sector from increasing pressure for human use and new competing demand from bioenergy and sustainable energy sources. We are excited to bring investors in Canada an efficient, low cost vehicle to invest in this sector.’

Claymore already offers a total of 14 ETFs listed on the Toronto exchange, comprising four FTSE RAFI fundamentals-based index funds, six sector and strategy ETFs, two income and growth funds and two balanced funds that are part of Claymore’s ETF Wrap Program. Like Claymore Investments’ other funds, the Claymore Global Agriculture ETF is available in two classes of unit, the Common Unit and Advisor Class Unit.

Claymore Investments is a wholly-owned subsidiary of Claymore Group, a Chicago area-based financial services and asset management company based in the Chicago, Illinois area. At the end of October, Claymore businesses provided supervision, management, servicing or distribution for some CAD19bn in assets through exchange-traded funds, closed-end funds, unit investment trusts, mutual funds, and separately managed accounts.

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