Claymore Investments, a new provider of ETFs in Canada, has introduced three new ETFs trading on the TSX: CBQ, which tracks select ADRs from the BRIC economies of Brazil, Russia, India and China; CDZ, a dividend and Income achievers ETF based on the Mergent list and CLU, a fundamental US Index ETF with a currency hedge. Claymore is also introducing three new ETFs (two fundamental index ETFs for foreign equities and an oil sands sector ETF) that will begin trading soon.
I wouldn’t be jumping into these new ETFs anytime soon: The BRIC story is compelling, but EEM would be a better alternative to capture the emerging markets asset class; a dividend ETF already trades on the TSX (XDV), so it is hard to get enthused about more of the same and the battle between fundamental and traditional indices still rages on.
One almost wishes for the old days when there were just a handful of ETFs like the Spiders, Diamonds, Cubes and iUnits. At the rate at which new indices are introduced these days, one needs a full time job just keeping track of them.
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1 Canadian Capitalist » XDV versus CDZ // Oct 22, 2006 at 7:50 pm
[...] Among a handful of ETFs that Claymore Investments recently introduced is a dividend ETF: Claymore CDN Dividend and Income Achievers ETF (CDZ) that seeks to replicate Mergent’s Canadian Dividend and Income Achievers Index. Another dividend ETF that traded already on the TSX - iShares CDN Dividend Index Fund (XDV) - is based on the Dow Jones Canada Select Dividend Index. [...]
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