Sphere Investments Announces the Launch of Sphere FTSE Emerging Markets Sustainable Yield Index ETF (SHZ)


-SHZ is the only currency hedged, smart beta emerging markets ETF in Canada-

TORONTO, Oct. 5, 2016 /CNW/ - Sphere Investments is pleased to announce the launch of the Sphere FTSE Emerging Markets Sustainable Yield Index ETF (the "Sphere ETF").  The Sphere ETF has closed the initial offering of its Units and those Units will begin trading on the Toronto Stock Exchange (the "TSX") today under the following symbol:

-SHZ: Sphere FTSE Emerging Markets Sustainable Yield Index ETF

"Given the recent strength in emerging markets, we are excited to offer this new product to investors and complete our suite of sustainable yield ETFs," said Lewis Bateman, CEO & Founder, Sphere Investments.  "With the emerging markets product, our sustainable yield methodology now gives investors access to all global markets."

The Sphere FTSE Emerging Markets Sustainable Yield Index ETF is the fifth smart-beta ETF Sphere Investments has launched in Canada, and joins the following ETFs currently listed on the TSX:

-Sphere FTSE Asia Sustainable Yield Index ETF (SHA)
-Sphere FTSE Canada Sustainable Yield Index ETF (SHC)
-Sphere FTSE Europe Sustainable Yield Index ETF (SHE)
-Sphere FTSE US Sustainable Yield Index ETF (SHU)

All Sphere sustainable yield ETFs offer the same flat fee of 54 bps and are backed by leading industry partners: FTSE Russell and State Street.

"As a leading global index provider with strong ties to the Canadian market, we are excited to extend our collaboration with Sphere Investments," said Jacqueline O'Flanagan, director for FTSE Russell Canada. "With our extensive global market coverage and record of innovation, our indexes are uniquely suited to help Canadian investors gain exposure to companies around the world with a sustainable yield, no past or forecast dividend cuts, a sustainable payout ratio and strong financial and operating characteristics." 

"As the only currency hedged, smart beta emerging markets ETF in Canada, this product will offer investors protection against international currency exposure, while delivering excellent value backed by FTSE's leading index methodology," said Keith McLean, President & Chief Investment Officer, Sphere Investments. "After underperforming for almost five years, emerging markets have begun to perform much better over the past 12-months.  Given current market conditions and the relative valuation of emerging markets, we believe this is just the start of a period of strong performance."

Sphere Investment Management Inc. will act as trustee, manager and portfolio advisor of the Sphere ETF.

Sphere FTSE Emerging Markets Sustainable Yield Index ETF (TSX: SHZ)

SHZ seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Emerging Sustainable Yield 150 10% Capped 100% Hedge CAD Index, or any successor thereto. SHZ invests directly or indirectly in up to 150 equity securities of public issuers from countries within the region classified by FTSE as emerging markets, exhibiting relatively high and sustainable yields, as at the time of reconstitution or balancing.

About Sphere Investments:

Sphere Investment Management Inc. ("Sphere Investments") is the provider of an integrated wealth management platform based on ETFs.  Sphere Investments is a wholly-owned subsidiary of Sphere Exchange Traded Investments Ltd. Founded in 2015, Sphere Investments was established with a philosophy of providing Canadians with leading investment solutions based on factor-tilted methodologies that are: innovative, diversified, low-cost, tax-efficient, transparent and tailored to investor risk/return profiles.  For more information visit: sphereetfs.com

The FTSE Emerging Sustainable Yield 150 10% Capped 100% Hedge Index (CAD) is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Sphere ETF and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Sphere ETF. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Sphere ETF or the suitability of the Index for the purpose to which it is being put by Sphere Investment Management Inc.

All rights in the FTSE Emerging Sustainable Yield 150 10% Capped 100% Hedge (CAD) Index (the "Index" vest in FTSE International Limited ("FTSE"). "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license.

SOURCE Sphere Investments

For further information: Media Contact: Matthew Coorsh, Managing Partner, Sphere Investment Management Inc., e: mcoorsh@sphereetfs.com, m: 416.895.0769


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