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Solactive launches two thematic indices and ETFs on Toronto exchange


German index provider Solactive has launched the Solactive Equileap North American Gender Equality Index Canadian Dollar Hedged and the Solactive Global Cyber Security Index Canadian Dollar Hedged.

Their associated ETFs are the Evolve North American Gender Diversity Index ETF and the Evolve Cyber Security Index ETF, which will trade on the Toronto Stock Exchange. The firm writes that these are the first ETFs in Canada to target gender equality and cyber security as investment themes.

Solactive writes that the Equileap North American Gender Equality Index Canadian Dollar Hedged is an equally-weighted index providing exposure to companies listed and domiciled in Canada or the United States that are leading the field in terms of gender equality in the workplace.

The selection is based on Equileap Ranking Methodology, which assesses and ranks companies on gender equality based on 35 points covering leadership, career development, work-life balance, equal pay, family leave, as well as health & safety.

Timo Pfeiffer, Head of Research at Solactive, says: “We are seeing a lot of demand for gender-based investing among investment banks and ETF providers. While ESG has become an established thematic strategy, the focus is now shifting to more specific subsets of ESG, one of which is certainly gender-related themes. Concepts based on diversity can help investors to get exposure to the benefits associated with a diverse workforce.”

The Solactive Global Cyber Security Index Canadian Dollar Hedged is a market-cap weighted index providing exposure to companies that are engaged in the cyber and data security segment or that offer colocation and data centre services.

“Cybersecurity is proving to be a popular investment theme in a time where the world is becoming increasingly digital. Having secure processes and safe systems capable of protecting against the threat of cyber-attacks is critical, both at work and at home. It is therefore very likely that demand for cybersecurity-services will continue to grow in the future. The Solactive Global Cyber Security Index Canadian Dollar Hedged offers targeted access to active players in that field” says Timo Pfeiffer.

The Solactive Global Cyber Security Index Canadian Dollar Hedged and the Equileap North American Gender Equality Index Canadian Dollar Hedged are denominated in Canadian dollars. Both indices hedge foreign currency exposure back to Canadian dollars. The composition is readjusted quarterly for CYBER and annually for HERS with quarterly reviews.

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