Claymore Investments, Inc. (“Claymore”) announces that the Montreal Exchange has listed options on the…
Claymore Gold Bullion ETF (TSX:CGL). Put and call options are now available for greater investment and trading strategies on the Fund (the “Fund”).
Options are also currently available on the Claymore Natural Gas Commodity ETF (TSX: GAS) and the Claymore Global Agriculture ETF (TSX:COW).
About the Claymore Gold Bullion ETF (TSX:CGL)
The investment objective of the Fund is to replicate the performance of the price of gold bullion, less the Fund’s expenses and fees. The Fund invests in holdings of gold bullion, in 400 or 100 troy ounce international bar sizes, and does not speculate with regard to short-term changes in gold prices. This strategy provides investors with the ability to obtain exposure to gold bullion in a convenient, tradable and secure manner without the associated inconvenience and high transaction, handling, storage, insurance and other costs typical of direct gold bullion investment. Given that gold bullion is priced in US dollars, the Fund currently offers a hedged common unit through which the Fund hedges substantially all of the Fund’s US dollar currency value of these units back to the Canadian dollar, providing exposure to gold while reducing the currency risk for Canadian investors. The Fund does not anticipate making regular distributions on its units.
Source: ETFWorld – Claymore Investments, Inc.
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