Claymore Investments, Inc.’s new ETF, Claymore Global Agriculture, began trading today on the TSX.
The new fund aims to provide investment results that generally correspond to the performance of the MFC Global Agriculture Index.
The MFC Global Agriculture Index invests in equity and equity-related securities involved in the agricultural sector and employs a proprietary bottom-up selection process to select and weight the top companies in the agricultural sector.
The Claymore Global Agriculture ETF will be offering two classes of units, the Common Unit and Advisor Class Unit.
“Agriculture and the business of feeding the world’s population continue to develop into one of the biggest stories of this century,” said Som Seif, president and CEO of Claymore. “Structural changes in the industry have caused an interesting supply and demand dynamic for the agricultural sector from increasing pressure for human use and new competing demand from bioenergy and sustainable energy sources.”
Claymore currently has 15 other ETF’s available on the TSX.
Claymore announces new ETF
Company says the agricultural sector is one of Canada’s biggest stories
- By: Regan Ray
- December 19, 2007 December 19, 2007
- 12:29