New Claymore Real Estate & Infrastructure ETFs
September 1st, 2008Claymore Investments Inc will soon have two two ETFs trading on the Toronto Stock Exchange… Claymore Global Real Estate ETF and Claymore Global Infrastructure ETF.
As with most ETFs these new instruments track established indexes so by investing in them, your return will be tied to index performance.
The Claymore Global Real Estate ETF tracks the Cohen & Steers Global Realty Majors Index. The constituent companies are reviewed and updated quarterly. The Claymore Global Infrastructure ETF tracks the MFC Global Infrastructure Index.
The relatively high management fee of .65% for both funds is relatively high compared to US-traded counterparts, but Canadians won’t have the tax and exchange rate issues associated with US investments.
For more, visit the Claymore web site. [At the time this is being published, there is no further info at the web site, but that should change shortly.]