Claymore Investments, Inc. today announced the launch of the Claymore Global Real Estate ETF.

The new exchange traded fund (TSX:CGR) has been designed to replicate, to the extent possible, the performance of the Cohen & Steers global realty majors index, net of expenses. The indexx seeks to identify the largest and most liquid securities within the global real estate universe.

“This is the first globally focused Real Estate ETF in Canada, which will give Canadian investors a low cost way to add exposure to real estate sector to their portfolios for diversification. We’re very excited to have partnered with Cohen & Steers Capital Management Inc., the index provider and a premier name in real estate investing globally, for the Claymore Global Real Estate ETF,” says Som Seif, president and CEO of Claymore Investments,.

Like most of Claymore Investments’ other current ETFs, the new ETF will be offering two classes of units to the public, the Common Unit (CGR) and Advisor Class Unit (CGR.A).

Toronto-based Claymore is a wholly owned subsidiary of Claymore Group, Inc., a financial services and asset management company based in the Chicago area.