Canada To Get First Environmentally Themed ETF
IndexUniverse Staff (November 13th, 2008) Writes:
Claymore Investments, the Canadian asset management arm of U.S. exchange-traded fund provider Claymore Securities, is joining the ranks of the green-minded asset managers by launching a global sustainability ETF.
The ETF launch, scheduled for some time in the next two weeks, coincides with the creation by KLD Indexes and Jantzi Research of the Global Environment 60 Index (GE60), to be published by FTSE and used by Claymore for the new ETF.
The Claymore fund has not been assigned a ticker yet, but will trade on the Toronto Stock Exchange.
While there has been a rash of sustainability and environmentally themed ETFs in the U.S., Claymore believes the new ETF will be the first such portfolio in the Canadian ETF market.
"Canada is a fairly small market and the first-mover advantage is less
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