BlackRock kills off Claymore name

BlackRock Investments Canada announced late yesterday that it had rebranded most of the exchange traded funds and closed-end that it acquired when the company bought Claymore Investments.

For the most part, the rebranding consists of replacing “Claymore” with “iShares”, with the remainder of the fund’s name and ticker symbols unchanged. Also, “ETF” has been dropped from the names, in favour of “Fund”. For example, Claymore Gold Bullion ETF has been renamed the iShares Gold Bullion Fund.

Most of the funds began trading under their new names today, except for the iShares Premium Money Market Fund, which will begin trading under its new name on April 2, 2012.

Staff

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