Claymore Investments, Inc. is pleased to announce the launch of the Claymore 1-5 Yr Laddered Government Bond ETF to begin trading today on the Toronto Stock Exchange.

The exchange traded fund (ETF) seeks to provide a return based on the price and performance, less expenses, of the DEX 1-5 yr Laddered Government Bond Index.

The ETF provides investors of different sizes with the opportunity to gain exposure to a diversified government bond portfolio, designed into five staggered “laddered” maturity levels from one year to five year, which are equally weighted. Each year, bonds will roll into lower ladder bucket, with all bonds from shortest term bucket rebalancing out the “new” longest bucket.

“The bond ladder strategy is considered one of the best ways to build a bond portfolio and this ETF brings it to Canadian investors in a simple, low cost, easy to trade and implement fund,” says Som Seif, president & CEO.

“With a management fee of 15 bps, it will be the lowest cost Canadian public bond fund and the lowest cost Canadian ETF in Canada. We believe it has a place in most investors’ portfolios and we are excited to be partnering with DEX, the leader in Canadian fixed income indexes, to bring this to the market”, Seif adds.

Like Claymore Investments’ other current ETFs, Claymore 1-5 Yr Laddered Government Bond ETF will be offering two classes of units, the common unit (CLF) and advisor class unit (CLF.A).

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