Claymore Investments, Inc. today announced the launch of the Claymore Global Monthly Yield Hog ETF (CYH) to begin trading today on the Toronto Stock Exchange.
Claymore Global Monthly Yield Hog ETF seeks to provide investment results that generally correspond to the performance of the Zacks Global Yield Hog index. The fund, through a forward agreement with the National Bank of Canada, will receive exposure to the securities that comprise the index.
Zacks Global Yield Hog index seeks to provide attractive tax-efficient income through an index of global-oriented securities. Zacks uses a proprietary methodology, designed to identify companies with potentially high income and superior risk/return profiles while maintaining industry diversification, from a universe of companies, such as global dividend-paying equities, global real estate investment trusts, master limited partnerships, income trusts, and U.S. preferred stock.
“The ‘Hog’ will be the first ETF in Canada to focus on global dividend and income paying securities. It combines the benefits of global investing with yield oriented investing. Prior to this ETF, it was very difficult for Canadians to get access to global yielding securities on a tax-efficient basis, which was a major benefit of using the forward agreement structure”, says Som Seif, president & CEO of Claymore Investments, Inc.
Like Claymore Investments’ other ETFs, Claymore Global Monthly Yield Hog ETF, will be offering two classes of units, the common unit (CYH) and advisor class unit (CYH.A).
Toronto-based Claymore Investments is a wholly owned subsidiary of Claymore Group, Inc., a financial services and asset management company based in the Chicago area.