Canadian exchange NEO has announced the launch of four passively managed ETFs from CI Global Asset Management
The new suite of funds is trading on the NEO Exchange under the symbols CCDN, CHCL.B, CUSM.B, and CUSA.B.One of the largest ETF providers in Canada, CI GAM launched the new suite of ETF solutions to offer low-cost passive options for advisers and investors.
The four CI ETFs now available for trading are:
CI Canadian Equity Index ETF (CCDN) – This ETF seeks to replicate the performance of the Solactive Canada Broad Market Index (CA NTR), which intends to track the performance of the all cap segment in the Canadian market
CI Global Healthcare Leaders Index ETF (CHCL.B) – This ETF seeks to replicate the performance of the Solactive Developed Markets Healthcare 150 CAD Index (CA NTR), which intends to track the performance of the largest 150 companies from the global healthcare industry
CI U.S. 500 Index ETF (CUSA.B) – This ETF seeks to replicate the performance of the Solactive GBS United States 500 CAD Index (CA NTR), which intends to track the performance of the largest 500 companies from the U.S. stock market
CI U.S. 1000 Index ETF (CUSM.B) – This ETF seeks to replicate the performance of the Solactive GBS United States 1000 CAD Index (CA NTR), which intends to track the performance of the largest 1,000 companies from the U.S. stock market.
“We’re pleased to continue working with NEO, which has done so much to support and advance the Canadian ETF eco-system,” says Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “The new CI Beta ETFs are designed to provide investors with exposure to specific markets at a low cost. They can serve as core portfolio building blocks and complement our deep lineup of actively managed and smart beta ETFs.”
The four passive ETFs join the NEO-listed CI MCSI World ESG Impact ETF (CESG), which was CI’s first ESG-focused fund. Investors can trade shares of the CI suite of ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.
“We are honoured that CI chose NEO as their exchange of choice, once again, for this new suite of ETFs,” commented Jos Schmitt, President and CEO of NEO. “With a mission to become a leading provider of ETFs in Canada, these listings are a power move by CI as they round out their ETF shelf and provide investors with more choice than ever. We look forward to furthering our relationship with CI and our commitment to innovations within the ETF market as a whole.”