Scotia Global Asset Management has launched a suite of socially responsible ETFs on the NEO exchange.
The Scotia Responsible Investing ETFs aim to replicate the performance of a series of reference indices provided by Solactive, which apply responsible investing screens to exclude issuers based on a number of ESG-related factors. The ETFs are sub-advised for Scotia Global Asset Management by State Street Global Advisors.
The four Scotia Responsible Investing ETFs begin trading today under the following symbols: Scotia Responsible Investing Canadian Bond Index ETF – SRIB; Scotia Responsible Investing Canadian Equity Index ETF – SRIC; Scotia Responsible Investing International Equity Index ETF – SRII; Scotia Responsible Investing U.S. Equity Index ETF – SRIU
“At Scotia Global Asset Management, we incorporate environmental, social and governance factors into investment decision making and product design to deliver long-term value for our clients,” says Neal Kerr, Head, Scotia Global Asset Management (Canada). “We are pleased to further expand our lineup of dedicated responsible investment solutions and list them on NEO – an exchange that is committed to advancing ESG choices for investors and the ETF industry as a whole.”
The Scotia Responsible Investing ETFs join a suite of four Scotia Index Tracker ETFs, already listed on the NEO Exchange. Investors can trade shares of the NEO-listed Scotia ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
“We are thrilled to partner once again with Scotia GAM as they launch a suite of socially responsible solutions on the NEO Exchange,” says Jos Schmitt, President & CEO of NEO. “These new listings on NEO are yet another affirmation of the much-needed competition and advocacy we bring to Canadian capital markets. We will continue to introduce new innovations and enhanced liquidity solutions to help listed products and public companies thrive.”