CIBC Mellon Global Securities Services has won an ETF mandate from Claymore Investments. 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 from Canada Newswire.