Claymore offers new U.S. dividend ETF

Claymore Investments has launched the Claymore S&P US Dividend Growers ETF, available in both common and advisor class units, trading as CUD and CUD.A, respectively.

The ETF is designed to replicate, to the extent possible, the performance of the S&P High Yield Dividend Aristocrats CAD Hedged Index, net of expenses.

The underlying index is comprised of the 60 highest dividend yielding constituents of the stocks of the S&P Composite 1500 Index that have increased dividends every year for at least 25 consecutive years.

“Investors recognize that dividends play an important part in growing their wealth. Dividends provide the potential to increase capital returns and an added degree of protection from an income stream not tied to the stock price,” said Som Seif, president and CEO of Claymore Investments, Inc. “Building on the success of our Canadian dividend grower strategy, the Claymore S&P/TSX Canadian Dividend ETF, the Claymore S&P US Dividend Growers ETF offers investors intelligent, low cost, and currency hedged exposure to US dividend paying companies.”

Staff

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