Claymore Investments, Inc. is lowering the management fees on its two Claymore CorePortfolio exchange traded funds to 0.25%, the ETF manager said Monday.

Claymore Balanced Income CorePortfolio ETF and Claymore Balanced Growth CorePortfolio ETF are asset allocation portfolio solutions using ETFs to create efficient, balanced and diversified portfolios tailored to specific investment goals and risk profiles.

The two funds dynamically invest in ETFs covering multiple asset classes, including Canadian and global equities, government and corporate fixed income, real return fixed income, real estate securities and commodities.

The annual management fee on the CorePortfolios will be reduced from 0.70% to 0.25%.

Accordingly, Claymore will no longer rebate back the fees of underlying Claymore ETFs held within the CorePortfolio ETFs. These changes will take effect immediately.

“Our CorePortfolio ETFs are the first ETF Wrap program providing an easy way for investors to get exposure to a broadly diversified balanced portfolio. When we launched these ETFs in June 2007, they were two of the lowest cost wrap funds in Canada. By reducing the fees, we are making the fee structure more transparent for investors and the products even more cost competitive,” said Som Seif, president and CEO, Claymore Investments, in a release.

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

IE