Canadian Provider Offers Two More ETFs

April 7, 2009 ( - Toronto-based Claymore Investments, a Canadian exchange-traded fund (ETF) provider, has launched two foreign equity-based ETFs.

A Claymore news release identified the new offerings as the Claymore Broad Emerging Markets ETF and the Claymore US Fundamental Index.

The Claymore Broad Emerging Markets ETF has been designed to provide investors with exposure to the return and performance of an Emerging Markets Benchmark Index, such as the MSCI Emerging Markets Index, net of expenses. The ETF is currency-hedged to help reduce the foreign currency exposure risk.

Meanwhile, the Claymore US Fundamental Index ETF (non-hedged) adds to Claymore's Fundamental Index ETF family. The ETF is based on the FTSE RAFI Fundamental Indexes, which are non-market capitalization weighted indexes and provides exposure to the U.S. core equity markets.