Sphere Investments Announces the Launch of the Sphere FTSE Asia Sustainable Yield Index ETF and Sphere FTSE Europe Sustainable Yield Index ETF
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TORONTO, April 19, 2016 /CNW/ - Sphere Investments is pleased to announce the launch of Sphere FTSE Asia Sustainable Yield Index ETF and Sphere FTSE Europe Sustainable Yield Index ETF (the "Sphere ETFs"). Each Sphere ETF closed its initial offering of Units, and those Units will begin trading on the Toronto Stock Exchange (the "TSX") today.
Sphere Investment Management Inc. will act as trustee, manager and portfolio advisor of the Sphere ETFs.
Sphere FTSE Asia Sustainable Yield Index ETF (TSX: SHA)
The Sphere FTSE Asia Sustainable Yield Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Developed Asia Sustainable Yield 150 10% Capped 100% Hedge CAD Index, or any successor thereto. Sphere FTSE Asia Sustainable Yield Index ETF invests directly or indirectly in up to 150 equity securities of public issuers from countries within the region classified by FTSE as developed Asia, exhibiting relatively high and sustainable yields, as at the time of reconstitution or balancing.
Sphere FTSE Europe Sustainable Yield Index ETF (TSX: SHE)
The Sphere FTSE Europe Sustainable Yield Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Developed Europe Sustainable Yield 150 10% Capped 100% Hedge CAD Index, or any successor thereto. Sphere FTSE Europe Sustainable Yield Index ETF invests directly or indirectly in up to 150 equity securities of public issuers from countries within the region classified by FTSE as developed Europe, 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 Developed Asia Sustainable Yield 150 10% Capped 100% Hedge CAD Index and FTSE Developed Europe Sustainable Yield 150 10% Capped 100% Hedge CAD Index (the "Indexes") are 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 ETFs and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Indexes or (b) investment in or operation of the Sphere ETFs. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Sphere ETFs or the suitability of the Indexes for the purpose to which it is being put by Sphere Investment Management Inc.
All rights in the FTSE Developed Asia Sustainable Yield 150 10% Capped 100% Hedge CAD Index and FTSE Developed Europe Sustainable Yield 150 10% Capped 100% Hedge CAD Index (the "Indexes" 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
Media Contact: Matthew Coorsh, Managing Partner, Sphere Investment Management Inc., e: [email protected], m: 416.895.0769
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