On The Shelf:

(February 19, 2008) Claymore Investments has rolled out yet another ETF alternative to the traditional mutual fund structure with the launch of the Claymore Premium Money Market ETF, which will trade on the TSX.

“Money market interest rates today are low, and by offering a low MER of only 0.25%, which is dramatically lower compared to other money market funds in Canada, we are able to reduce the risk the portfolio needs to take to provide attractive interest rates on cash to investors,” said Som Seif, president and CEO of Claymore Investments, Inc.

As an exchange-traded fund, the product will also offer improved liquidity, rather than end-of-day pricing.

The fund invests primarily in high-quality, short-term (generally 90 days or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, and banker’s acceptances and commercial paper (excluding asset-backed commercial paper) issued by Canadian chartered banks, loan companies, trust companies and corporations.

Dynamic launches new wrap

(February 19, 2008) Goodman & Company Investment Counsel has announced the launch of DynamicEdge Portfolios, a set of four wraps that invest in a mix of Dynamic funds.

“Our aim is to deliver products and services that support advisors in delivering sound financial advice to investors,” said David Whyte, president, Goodman & Company. “DynamicEdge Portfolios gives advisors a one-stop solution that accesses the talents of our portfolio management team and helps satisfy the evolving needs of investors.”

The portfolios range from the conservative DynamicEdge Balanced Portfolio (50% equity) to the very aggressive 100% equity DynamicEdge Equity Portfolio. A Balanced Growth portfolio and a Growth portfolio fill the gaps between.

The minimum initial investment is $10,000 per portfolio.

(02/19/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.