The National Post recently ran a feature on Toronto entrepreneur Som Seif. The Canadian president and CEO of
Claymore Investments in Canada, Seif is credited with building the company, (a subsidiary of Chicago-based money-manager Claymore Group Inc), "into one of the most innovative financial firms on Bay Street".
"[Seif's] core strategy: exploiting investor's appetite for exchange-traded funds, or ETFs, as they're commonly referred to. ETFs - typically baskets of equities and bonds that passively track a benchmark and trade like stocks - account for 95% of the $4.1 billion in assets that Claymore controlled as of the end of November. Although the market is led by Barclays Global Investor division, iShares, Claymore's book still accounts for about 14% of the industry."
"This year alone we've almost tripled our market share in Canada on ETF assets and we're growing quite dramatically in terms of sales flow," Seif says. "We're capturing over 27% of the actual market flow that is going into the Canadian ETF industry right now. That's pretty impressive coming from nothing three years ago."
read full story
hereoriginal source
The National Post