Accelerate Financial Technologies (Accelerate) has launched Canada’s first alternative investment portfolio ETF, the Accelerate OneChoice Alternative Portfolio ETF (OneChoice), that will list on the Toronto Stock Exchange under the ticker ONEC on 27 January, 2021.
“As equity market valuations sit near record highs and fixed income yields remain near all-time lows, investors are searching for uncorrelated returns to diversify their portfolios beyond the traditional portfolio of stocks and bonds,” says Julian Klymochko, Founder and CEO of Accelerate. “The Accelerate OneChoice Alternative Portfolio ETF (TSX: ONEC) provides investors with an allocation to six alternative asset classes and ten alternative investment strategies in one easy-to-use ETF with a management fee of just 0.20 per cent.”
Klymochko has over a decade of experience managing alternative strategies, culminating in a BarclayHedge Top 10 global performance award, Preqin global top 10 ranking and first place ranking from the Canadian Hedge Fund Awards.
The Toronto Stock Exchange (the TSX) has conditionally approved the listing of the units of OneChoice.
Accelerate in its capacity as manager of the Accelerate Private Equity Alpha Fund (the ETF) (ALFA) is announcing the planned closure of the ETF. The firm will be terminating the ETF effective at the close of business on or about 15 March, 2021.
Effective immediately, no further direct subscriptions for the ETF units will be accepted, including any purchases made through a pre-authorized purchase plan. The ETF units are expected to be de-listed from the Toronto Stock Exchange, at the request of Accelerate, at the close of business on or about 11 March, 2021, with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
