• Scotia iTRADE introduces Commission-Free online trading on 46 ETFs to Canadians*
• Claymore collaborates on the offering structure as well as the development of educational content for Scotia iTRADE investors¹

TORONTO, Sept. 15, 2011 /CNW/ - Scotia iTRADE today announced that Canadian investors can now buy and sell a wide selection of Exchange Traded Funds (ETFs) Commission-Free*. Forty-six ETFs from Claymore and other leading Canadian ETF providers are now available through this offer for trading only at Scotia iTRADE¹.

The wide selection of ETFs eligible for commission-free online trading covers a broad universe of sectors and investing themes and will be comprised of:

• 31 Claymore Funds
• 8 iShares Funds
• 7 Horizons Funds

"Our customers have let us know that they want access to ETFs, as well as more information about what these funds represent as an investment vehicle, and we're responding," said Bob Grant, Scotiabank Managing Director and Head of Online Brokerage. "The suite of 46 ETFs eligible for commission-free online trading covers an extensive range of sectors, asset classes, and investing themes to help investors continue to build a diversified portfolio. With this move, Scotia iTRADE is building on our market leading track record of offering innovative, highly competitive, customer-centric and value-driven investment options."

Scotia iTRADE and Claymore share an enthusiasm for investors who want low cost options making this partnership an exciting opportunity. Claymore is a Canadian leader in bringing low cost exchange-traded funds to Canada.

"Partnering with Scotia iTRADE is consistent with Claymore's commitment to make investing cheaper and better for all Canadians," said Som Seif, President and CEO, Claymore Investment Inc. "With this Commission-Free ETF offering, the burden of paying commission fees has been taken off the investor, allowing them to explore the market, identify new ideas, and take control of investing opportunities."

For this suite of 46 ETFs, Scotia iTRADE will not charge its usual commission provided customers execute their trade online or via TELE-TRADER and hold the ETF for a minimum of one business day.

For more information about the 46 ETFs eligible for Commission-Free online trading through Scotia iTRADE or to learn more about ETFs, please visit www.scotiaitrade.com.

About Claymore Investments, Inc.
Claymore Investments, Inc. ("Claymore") is a Canadian leader in bringing intelligent, low cost exchange-traded funds in Canada through its family of 31 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $6.7 billion in assets under management as of August 31, 2011. Claymore is a wholly-owned subsidiary of Guggenheim Funds Services Group, Inc., a financial services and asset management company based in the Chicago, Illinois area and an indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.

For further information about any of the Claymore ETFs or Claymore Investments, Inc., please visit our website at www.claymoreinvestments.ca.

About Scotia iTRADE
Scotia iTRADE (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

® Registered trademark of The Bank of Nova Scotia. Used under license.

About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $567 billion (as at July 31, 2011), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

* Refers to Scotia iTRADE's brokerage commission for online trade execution only.  Does not take into account fees, charges, expenses or commissions imposed by the fund companies, all of which can be associated with ETF investments. Investors should carefully consider the fund's investment objectives, risks, fees, charges, expenses and commissions before investing.  The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing. Funds are not guaranteed, their values change frequently and past performance may not be repeated.  Investors will be charged our regular equity commission (from $6.99, $9.99, or $19.99 +0.02/share) depending on the pricing tier for which the investor qualifies - see online fee schedule) on the sale of any eligible ETFs held for less than 1 business day. Broker-assisted trades are subject to a fee of $35.00.  List of eligible ETFs is subject to change without notice.  Scotia iTRADE reserves the right to modify or cancel this offer at any time without notice.

¹ Advertising has been paid for in part by Claymore Investments, Inc. This offer is not and should not be construed as investment advice or a recommendation to buy, sell or hold any particular security or to follow any particular investment strategy.  No ETF product, or any information provided by or available through Claymore or any other ETF provider, has been endorsed, validated or approved by Scotia Capital Inc. or its affiliates, and neither Scotia Capital Inc. nor any of its affiliates is responsible or liable therefor, or for any third party products, opinions, information or prospectus content.