Canadian smart beta exchange-traded fund (ETF) provider Sphere Investments has selected State Street as its custodian of record for its new series of funds.
In April 2016, Sphere Investments and State Street launched four Sustainable Yield ETF products on the Toronto Stock Exchange.
They have now launched the final ETF in the sustainable yield suite, Sphere FTSE Emerging Markets Sustainable Yield Index ETF (SHZ).
SHZ is the only currency-hedged, smart beta emerging markets ETF in Canada.
“We’re excited to be working closely with a partner like State Street as we launch our initial suite of ETFs,” says Lewis Bateman, founder and chief executive officer, Sphere Investments. “We look forward to benefitting from an experienced team and having State Street as a key partner as we bring new solutions to Canadian investors.”
“We are thrilled to be working together with Sphere Investments, and are excited to play a part in their market success as they continue to launch new and innovative products for Canadian investors,” says Rob Baillie, head of State Street Canada. “The appointment reflects State Street’s strong commitment to Canada as one of our key markets and our strength as a leading provider of services for ETF providers like Sphere.”
