An Exchange Traded Fund (ETF) is an investment that mirrors the performance of an index like the S&P 500 ETF or a portfolio of sector-related securities like the Claymore S&P Global Water ETF.

An ETF wrap contains a group of carefully selected, allocated and managed individual ETFs.

On June 21, Claymore Investments introduced two innovative international wrap products that trade like ETF stocks on the Toronto Stock Exchange, namely the Claymore Global Balanced Growth ETF (CBN on TSX) and the Claymore Global Balanced Income ETF (CBD on TSX).

Claymore ETF Wrap Asset Allocations

The Claymore Global Balanced Growth ETF (Growth wrap) has a more aggressive asset mix than the more conservative and yield-oriented Claymore Global Balanced Income ETF (Income wrap). However, both Growth and Income wraps consist of the same diversified set of 13 ETFs, but with different weightings as shown below (as of July 20, 2007).

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