Claymore Canadian Fundamental Index® ETF turns five sitting at the top of its class
March 10 2011 - 11:51AM
PR Newswire (Canada)
TORONTO, March 10 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Claymore's
first ETF celebrates its fifth anniversary as the #2 Ranked
Canadian Equity Fund TORONTO, March 10 /CNW/ -Today Claymore
Investments, Inc. along with its partner Research Affiliates, LLC
celebrate the fifth anniversary of the Claymore Canadian
Fundamental Index ETF (TSX: CRQ), Claymore's very first
exchange-traded fund (ETF) launch and the first ETF in Canada to
utilize a Fundamental Index(®) strategy. Over the past five years,
CRQ has outperformed the benchmark S&P/TSX 60 and the majority
of mutual funds in the Canadian equity category. CRQ is the
#2 ranked fund (out of 93 funds with 5 year track records) in the
Canadian Equity fund category to the end of February 2011. CRQ has
also received a Five-Star rating from Morningstar. "CRQ has quietly
become one of the best Canadian equity funds in Canada, and not
only proves that the Fundamental Index strategy can produce returns
superior to the market, but most active managers as well, said Som
Seif, President and CEO of Claymore Investments. "As a firm, we
continue to believe that by coupling disciplined and intelligent
passive strategies with low management fees, we can provide
Canadians with great products for the long term investor through
our lineup of Claymore ETFs. It is this focus and the success of
funds such as CRQ that has made Claymore one of the country's
fastest-growing investment firms." The Fundamental Index approach
is designed to overcome the limitations of traditional market
capitalization indices, which tend to overweight overvalued stocks
and underweight undervalued stocks, resulting in a drag on
performance. Instead, the Research Affiliates Fundamental
Index(®) (RAFI(®)) methodology selects and weights its constituents
based on company fundamental factors: dividends, total sales,
free cash flow and book equity value. The Fundamental Index
strategy seeks to measure a company's economic "footprint,"
avoiding market fads, speculation, and constantly shifting
expectations. "In the past five years, the RAFI methodology has
delivered on its promise. The Index methodology has generated
superior performance during a period of market turmoil, in Canada
and worldwide" said Rob Arnott, chairman and CEO of Research
Affiliates, LLC. "We are delighted to continue our relationship
with Claymore, which offers leading products to Canadian
investors." In addition to CRQ, Claymore offers Canadian investors
four additional funds that utilize the RAFI methodology, including
the Claymore US Fundamental Index ETF - C$ Hedged (TSX: CLU) and
the Claymore US Fundamental Index ETF - non-hedged (TSX: CLU.C),
the Claymore International Fundamental Index ETF (TSX: CIE), the
Claymore Japan Fundamental Index ETF - C$ Hedged (TSX: CJP). About
Claymore Investments Claymore Investments, Inc. is a leader in
bringing intelligent, low cost exchange traded funds in Canada
through its family of 30 ETFs and 2 closed‐end funds across broad
asset classes including core equity, global sectors, fixed income
and commodities and includes the Claymore Gold Bullion ETF (TSX:
CGL). Claymore Investments, Inc., which, as at February 28, 2011
had approximately $6.0 billion in assets under management, is a
wholly‐owned subsidiary of Guggenheim Funds Services Group, Inc., a
financial services and asset management company based in the
Chicago, Illinois area and is an indirect subsidiary of Guggenheim
Partners, LLC, ("Guggenheim") a global, diversified financial
services firm with in excess of US$100 billion in assets under
supervision. Guggenheim, through its affiliates, provides
investment management, investment advisory, insurance, investment
banking and capital markets services. For more information
investors should consult with their investment advisor or visit our
website at www.claymoreinvestments.ca. About Research Affiliates,
LLC Research Affiliates, a global leader in innovative investing
and asset allocation strategies, operates worldwide from its base
in Newport Beach, Calif. Dedicated to solving complex
investment issues, the firm creates innovative strategies that
respond to the current needs of the market. Leveraging its
strong research focus, Research Affiliates distributes products in
partnership with some of the world's leading financial
institutions. These affiliations take the form of direct asset
management, sub-advisory services, and licensing agreements. The
firm is majority employee-owned and has 60 employees. Approximately
$69 billion in assets were managed worldwide using investment
strategies developed by Research Affiliates, as of Dec. 31, 2010.
The trade names Fundamental Index®, RAFI®, the RAFI logo, and the
Research Affiliates corporate name and logo are registered
trademarks and are the exclusive property of Research Affiliates,
LLC. Fundamental Index® concept, the non-capitalization method for
creating and weighting of an index of securities, is the patented
and patent-pending proprietary intellectual property of Research
Affiliates, LLC. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/10/c9816.html
pFor media inquiries, please contact:/p pDan Rubin, Vice-President,
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p-or-/p pTucker Hewesbr/ Hewes Communications, Inc.br/ (212)
207-9450br/ a
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href="mailto:hewesteam@hewescomm.com"m/a/p
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