Every portfolio needs a bond component
And now there is a new, low-fee, no hassle way to achieve that …
Claymore Investments has launched a new ETF that emulates a laddered bond strategy: The Claymore 1–5 Year Laddered Government Bond ETF trades on the Toronto Stock Exchange. (Which means you can buy units through your discount brokerage account.)
The ‘bond ladder’ has always been a primary way to diversify a bond portfolio, so this fund offers a convenient, one-stop solution.
The management fee on the ETF is 15 basis points. (Contrast that with an average bond fund fee of 150 basis points.) A basis point is 1/100 of a percentage point. It is available in common (symbol: CLF) and advisor class (symbol: CLF.A).
Comment by Jason S
The market has been waiting 20 yrs for this. Best new product to come to Canada. Congrats!
Posted on February 2, 2008 at 3:24 pm