Financial services firm Guggenheim Partners has finalised its acquisition of Claymore Group, a provider of ETFs and other investment products.
The merger means Claymore and its associated entities, including Claymore Securities, Claymore Advisors and Claymore Investments in Canada are indirect, wholly-owned subsidiaries of Guggenheim Partners.
Claymore Advisors acts as the investment adviser and administrator for a range of 34 US ETFs, tracking equities, fixed income, sectors and emerging markets.
The range includes the Claymore BNY Mellon Bric ETF, the US Capital Markets Bond ETF and the S&P Global Water Index ETF.
Claymore Advisors will continue to serve the role of advisor and administrator on an interim basis, while shareholder approval of the new agreements is sought.
Duo start roles on 1 October
Where true value lies
Economy to thrive despite global risks
Behaviours, animals or something else?