Toronto-based Claymore Investments, Inc. Monday announced the launch of the common and advisor class units of the Claymore Managed Futures ETF (TSX:CMF/CMF.A).
Claymore Managed Futures ETF seeks to capitalize on price trends of a diverse universe of commodity, currency, equity, and fixed income futures contracts through a systematic trend-following strategy. The fund tracks the performance of the Guggenheim Managed Futures Index, and offers investors the potential for downside protection, true asset class diversification, and a hedge against inflation, Claymore says.
Claymore, in partnership with Chicago-based Guggenheim Partners LLC, has taken what it believes is the best quantitative and rules-based approach to managed futures investing, and brought it to a low cost index approach. The strategy focuses on risk management, while also capturing the true uncorrelated “beta” that managed futures strategies can provide, with a low cost.
“We believe this product will change the alternative investing market and will really challenge the convention that you need to pay high management and performance fees in order to get access to quality, uncorrelated asset classes,” says Som Seif, president & CEO of Claymore Investments, Inc.
“Managed futures strategies have a long track record of above average returns and diversification benefits, and this ETF provides investors access to this important strategy for portfolio diversification and risk reduction, along with transparency, no performance fees, daily liquidity, and no investment minimums.”
The fund has closed the initial offering of its units and the units begin trading on the Toronto Stock Exchange when it opens this morning.
On January 11, Claymore announced that BlackRock, Inc. has entered into a definitive agreement with subsidiaries of Guggenheim to acquire all of Guggenheim’s interest in Claymore. The transaction is subject to regulatory and other approvals and is expected to close by the end of the first quarter of 2012.