Claymore Investment Inc. has launched a new exchange-traded fund, ClaymorETFs FTSE RAFI Canadian Index Fund. The fund has selected the FTSE RAFI Canada index as its benchmark. Based on fundamental index weightings, the top five constituents of the index are Royal Bank of Canada, BCE Inc., Alcan Inc., Bank of Nova Scotia and Manulife Financial Corp. Management fees are 0.65%.
The funds accounted for at least US$350 billion in global net asset value in 2023
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