Claymore Investments, Inc., is launching two foreign equity based ETFs, the company said Tuesday.

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.

Claymore US Fundamental Index ETF (non-hedged) adds to Claymore’s Fundamental Index ETF family, and provides a compliment to the Canadian dollar hedged units of the fund. 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.

“These two ETFs cover very important segments of the international equity market place and complement our existing line up of ETFs. The Emerging Markets ETF with a currency hedge is a great way for Canadians to potentially reduce their risk when investing in emerging markets,” says Som Seif, president & CEO.

“Claymore ETFs has also brought an innovation to an existing ETF, by introducing the Claymore US Fundamental Index ETF (non-hedged). This ETF offers investors choice with regard to their currency exposure by purchasing this ETF or the Claymore US Fundamental Index ETF (Canadian dollar hedged)”.

The ETFs trade on the Toronto Stock Exchange (CWO and CLU.C) and are also offer Advisor Class versions.

IE