BlackRock Buys Claymore courtesy of www.techfinance.ca The big surprise this week was the announcement that BlackRock was buying Claymore Investments, Canada’s second largest ETF provider, for an undisclosed sum. BlackRock is the world’s largest asset management firm, and owner of Canada’s popular iShares ETFs. This sale has a huge impact on the ETF landscape in Canada, and would roughly make BlackRock owner of 85% of the Canadian ETF market. The Globe and Mail summarized the sale last week in, BlackRock Deal Creates ETF Powerhouse in Canada. Be sure to also watch the BNN Interview, with both Claymore president Som Seif and BlackRock CEO, Bill Chinery. Currently Claymore has some $5.48 billion dollars in assets under management (AUM), making up approximately 14.3% of the Canadian ETF market. BlackRock currently has $28.29 billion dollars in assets under management, making it the leading ETF provider in Canada at 73.7%.  Combined, both claymore and BlackRock account for nearly 85% ...

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