Claymore Selects CIBC For ETF Services

CIBC Mellon Global Securities Serviceshas won an ETF mandate fromClaymoreInvestments. CIBC will offer global custody, fund valuation and a suite of recently-expanded exchange- traded funds (ETF) servicing capabilities to Claymore.

CIBC will be the service provider of all of Claymore’s existing and future exchange traded products. Claymore Investments had 30 Canadian-listed ETFs and two closed-end funds, with $6.3 billion in total assets under management, as of April 30, 2011.

Click here for the release fromCanada Newswire.