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Claymore Investments lowers fees on Toronto-listed CorePortfolio ETFs

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Claymore Investments, a provider of exchange traded funds, has lowered the management fees on its two Claymore CorePortfolio exchange traded funds to 0.25 per cent.

Claymore Investments, a provider of exchange traded funds, has lowered the management fees on its two Claymore CorePortfolio exchange traded funds to 0.25 per cent.

Claymore CorePortfolio ETFs, which are the Claymore Balanced Income CorePortfolio ETF and Claymore Balanced Growth CorePortfolio ETF, are asset allocation portfolio solutions using ETFs to create balanced and diversified portfolios tailored to specific investment goals and risk profiles.

The two funds invest in ETFs covering multiple asset classes, including Canadian and global
equities, government and corporate fixed income, real return fixed income, real estate securities and commodities.

The annual management fee on the CorePortfolios will be reduced from 0.70 per cent to 0.25 per cent.

Claymore will no longer rebate back the fees of underlying Claymore ETFs held within the CorePortfolio ETFs.

These changes will take effect immediately.

Som Seif, president and chief executive of Claymore Investments, says: ‘Our CorePortfolio ETFs are the first ETF wrap programme providing an easy way for investors to get exposure to a broadly diversified balanced portfolio. When we launched these ETFs in June 2007, they were two of the lowest cost wrap funds in Canada. By reducing the fees, we are making the fee structure more transparent for investors and the products even more cost competitive.’

Claymore Investments manages a family of 21 domestic and international index-based and actively managed ETFs listed on the Toronto Stock Exchange.

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