Claymore Investments has launched non-hedged common units of its Claymore Gold Bullion ETF. The fund is designed to provide unitholders with exposure to physical gold bullion, on a fully allocated basis, passively holding physical gold bullion. It does not anticipate making regular distributions.
“The Claymore Gold Bullion ETF has done a great job of providing investors with exposure to physical gold without the U.S. dollar currency exposure during a time that the Canadian dollar has appreciated significantly versus the U.S. dollar.” said Som Seif, president and CEO of Claymore Investments. “With the new non-hedged units, we are providing the ability to obtain hedged or non-hedged exposure to gold bullion, giving investors greater flexibility.”