BlackRock Investments Canada Inc., an indirect, wholly-owned subsidiary of BlackRock, Inc. today said that it will liquidate the Claymore Inverse 10 Yr Government Bond ETF and distribute to shareholders the proceeds from the liquidation of the assets by June 22.
"Given the fund's mandate is speculative in nature and designed for short-term use, we don't believe it fits well with the iShares brand or product philosophy and will be terminating the fund," stated Mary Anne Wiley, Head of iShares, BlackRock Canada.
