The Sustainable North American Oil Sands ETF has begun trading this week, becoming the third exchange-traded fund brought to market by Exchange Traded Concepts, LLC (ETC) this year.
“Sustainable Wealth Management has led the development of rules-based investment strategies for the Canadian energy sector. Our ability to bring this idea to market efficiently demonstrates the flexibility of our platform and the strength of our established relationships with great partners like SWM and SEI,” says J Garrett Stevens, CEO of Exchange Traded Concepts. “Derek Gates shows great foresight to target a market segment that will benefit from growing demand and infrastructure investment over the coming decade.”
“Our firm has spent more than a decade building leadership in oil sands investing and index creation. We believe this index and ETF is a great extension of what we have already created and feel it is well-positioned for the future,” says Derek Gates, CFA, president of Sustainable Wealth Management.
SNDS tracks the Sustainable North American Oil Sands Index, an equal-weighted rules-based index designed to measure the performance of companies with North American oil sands operations including exploration, production, refinement, marketing, storage, transportation, equipment, service and elsewhere.
Exchange Traded Concepts, LLC serves as investment adviser to SNDS with Index Management Solutions, LLC serving as sub-adviser.
