On The Shelf: Claymore rolls out real estate ETF, and more product news for Tuesday

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(August 26, 2008) Claymore Investments has launched a new exchange-traded fund, designed to replicate the performance of the Cohen & Steers Global Realty Majors Index, net of expenses.

The Claymore Global Real Estate ETF adds to the extensive list of more than 20 ETFs already offered by Claymore.

“This is the first globally focused real estate ETF in Canada, which will give Canadian investors a low cost way to add exposure to the real estate sector to their portfolios for diversification,” said Som Seif, president and CEO of Claymore Investments, Inc.

The Cohen & Steers Global Realty Majors Index seeks to identify the largest and most liquid securities within the global real estate universe.

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Skylon offers bank-stock note

(August 26, 2008) CI Investments has launched the Skylon Big Five Barrier Return of Capital Note Securities, Series 1. The notes are designed to offer investors tax-efficient exposure to Canada’s five largest banks.

“Over the past year, Canadian bank stocks have been affected by the U.S. financial crisis, and they are trading significantly below their 52-week highs,” said David R. McBain, senior vice-president, CI Investments Inc. “The Skylon Big Five Barrier Return of Capital Notes have been designed to take advantage of the opportunity presented by the price decline and increased volatility of Canadian bank stocks.”

The notes will provide a semi-annual payment equal to 7.5% of the principal per annum, regardless of the performance of the five underlying stocks.

The notes provide no guarantee of principal, but at maturity, investors will receive their original investment of $100 per note if none of the bank stocks decline by 50% or more. In the meantime, they will have received $37.50 per note in returned capital distributions.

The notes are fully eligible for registered plans and available for sale until September 30, 2008. The issue price is $100 per note, with a minimum subscription of $5,000.

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Mavrix files for new LP

(August 26, 2008) Mavrix Fund Management has announced the filing of the preliminary prospectus of the Mavrix Explore 2008-II FT Limited Partnership.

The new LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.

The offering has been capped at $50 million, and is the 16th flow-through LP to be managed by Mavrix.

(08/26/08)