FUND SUMMARY
The fund objectives of the Claymore Premium Money Market ETF are,
- To preserve the value of your investments
- To provide current income and liquidity consistent with short-term money market rates
The fund invests primarily in high-quality, short-term (generally 90 days or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances and commercial paper (excluding asset-backed commercial paper) issued by Canadian Chartered banks, loan companies, trust companies and corporations.
The Claymore Premium Money Market ETF will have one of the lowest expense ratios of any money market mutual fund in Canada. By providing a lower Management Fee, the fund can reduce risk in the underlying holdings, while generating attractive short-term income rate.
Benefits of Money Market ETF
- Potentially efficient and convenient solution for utilizing cash balances in portfolio or between trades
- Focus on high quality assets (no asset backed securities)
- Tight bid-offer spreads and intra-day liquidity
- High transparency – know exactly what securities in portfolio each day