Claymore Investments has rolled out a high income exchange-traded fund (ETF). The Claymore Short Duration High Income ETFhas been created to maximize total returns for unit holders, consisting of both tax efficient monthly distributions and capital appreciation, and to preserve capital.
The new portfolio aims to enable investors to lower their portfolio duration, without sacrificing yield. The Claymore Short Duration High Income ETF has completed the offering of its initial units and will be trading on the Toronto Stock Exchange.
Click here for the release from Canada Newswire.