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Claymore Selects CIBC For ETF Services

CIBC Mellon Global Securities Services has won an ETF mandate from Claymore Investments.

CIBC Mellon Global Securities Services has won an ETF mandate from ClaymoreInvestments. CIBC will offer global custody, fund valuation and a suite of recently-expanded exchange- traded funds (ETF) servicing capabilities to Claymore.

CIBC will be the service provider of all of Claymore’s existing and future exchange traded products. Claymore Investments had 30 Canadian-listed ETFs and two closed-end funds, with $6.3 billion in total assets under management, as of April 30, 2011.

Click here for the release from Canada Newswire.

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