Bringing you live news and features since 2006 

Redwood launches two ETFs on NEO

RELATED TOPICS​

Redwood Asset Management, a wholly owned subsidiary of Purpose Investments, has received final approval from NEO and Canadian securities regulators to launch a new series of ETFs.

 
Redwood Core Income Equity Fund and Redwood Tactical Asset Allocation Fund have started trading on NEO.

“These ETFs are versions of our volatility-managed tactical asset allocation and core income equity funds.  They represent a necessary extension of distribution of our unique strategies, broadening access and choice for investors seeking truly active ETFs,” says Peter Shippen, president and chief executive officer of Redwood Asset Management. “We are very happy to launch this series on NEO, joining the existing suite of active ETFs we launched in March 2017.”
 
“Redwood’s decision to launch these ETFs on NEO is a strong vote of confidence in what we are doing as a new Canadian stock exchange and what we are working to achieve through competition and innovation,” adds Jos Schmitt, president and chief executive officer, NEO Exchange.  “We have a strong and lasting partnership with Redwood, rooted in meeting their needs and the needs of their clients and doing what is right for the investment community.”
 
To date, NEO has listed 16 ETFs, for a total of 32 different symbols from five ETF providers.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by