Claymore has filed a preliminary prospectus on SEDAR date January 8, 2007, for the “Claymore S&P CDN Preferred Share ETF”.
The Claymore S&P CDN Preferred Share ETF has been designed to replicate the performance of the S&P CDN Preferred Share Index, net of expenses. The investment strategy of the Claymore S&P CDN Preferred Share ETF is to invest in and hold the Constituent Securities of the S&P CDN Preferred Share Index in the same proportion as they are reflected in the S&P CDN Preferred Share Index.
The preliminary prospectus goes on to advise that
The S&P CDN Preferred Share Index is designed to serve the investment community’s need for an investable benchmark representing the Canadian preferred share market. The S&P CDN Preferred Share Index measures the performance of a selected group of preferred shares listed on the Toronto Stock Exchange. The index is comprised of preferred shares issued by Canadian entities that meet critera relating to minimum size, liquidity, exchange listing and time to maturity determined by Standard & Poor’s
…
The constituents of the S&P CDN Preferred Share Index™ are available on the Claymore website at www.claymoreinvestments.ca and on the S&P website at www.standardandpoors.com
The referenced list of constituents is not yet available, but this is very interesting.
Hat tip to Financial Webring Forum for bringing this to my attention.