Claymore Investments today announced the launch of the Claymore Oil Sands Sector ETF. Units began trading on the Toronto Stock Exchange (TSX) on October 26.

“We are happy to be launching the first Oil Sands focused ETF. The ETF tracks the Sustainable Wealth Oil Sands Index, which has been designed to provide a focused investment into the Oil Sands sector, one of the largest reserves of oil in the world. The Index uses a fundamental and strategy approach to the sector, weighting constituents based on their current oil sands production, future expected growth in oil sands production and a percentage of total company production which is oil sands related”, said Som Seif, president & CEO of Claymore Investments, Inc.

Like Claymore Investments’ other current ETFs, Claymore Oil Sands Sector ETF will be offering two classes of units, the common unit and advisor class unit.