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

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
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