Claymore makes DRIPs non-automatic

Canadian Financial DIY posted a list of ETFs DRIPped by different discount brokers. This list keeps changing, so not sure how current it is now.

http://canadianfinancialdiy.blogspot.com/2008/01/driping-etfs-in-canada.html

I've started to try and keep track of which brokers offer Synthetic DRIP feature, and if it's an all or None requirement:

http://cdndrips.googlepages.com/canadiandiscountbrokers

Many do not publish which securities they will Synthetically DRIP for you. Also, whether or not they pass along the reinvestment price discount (which is available to all traditional DRIP holders) is also a case by case issue.

Jon Chevreau said:

At the end of my blog today, I run an email from Claymore Investments (Toronto) about a change in their DRIP policy.

http://network.nationalpost.com/np/blogs/wealthyboomer/archive/2009/05/19/retirement-confidence.aspx

At the end it seems to suggest they're the only ETF maker that facilitates DRIPs, which doesn't jibe with my own experience of BGI and Vanguard ETFs. What is other's experience or does it vary with the brokerage firm?

Click to expand...

I have a discount brokerage account with TD Waterhouse. Here is a list of some the etfs that TDW synthetically Drips. Xiu, xre, xtr, xbb, xsb, xeg, xgd, xcb, xrb, xdv, xfn.

What tdw does is every three months they seem to add another BGI etf to the synthetic drip roster. The most recent addition was the xcb. IMHO Tdw should post an up to date online list of what etfs they are actually going to drip?

I'm not sure how Tdw handles the synthetic drip of claymore etfs? as I only invest in BGI etfs at the present time.