Claymore launches convertible bond ETF

Claymore Investments has announced the launch of the Claymore Advantaged Convertible Bond ETF, available in as either common and advisor units.

The ETF is designed to provide investors with exposure to the performance of the DEX Convertible Bond Index, consisting of both tax efficient monthly distributions and opportunity for capital appreciation.

“Convertibles are hybrid securities that combine the par value and yield characteristics of a bond with the potential to participate in equity-like returns,” said Som Seif, president and CEO of Claymore Investments, Inc. “The yield on the DEX Convertible Bond Index is currently higher than the dividend yield of the S&P/TSX Composite Index, and convertible bonds generally produce better risk-adjusted returns.”

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