TORONTO--(BUSINESS WIRE)--Redwood Asset Management (“Redwood”), a wholly owned subsidiary of Purpose Investments Inc. (“Purpose”), including Redwood President, Peter Shippen, and Som Seif, founder and Chief Executive Officer, Purpose, joined Jos Schmitt, President and Chief Executive Officer, Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”), to open the market in celebration of the launch of two new ETFs, consisting of three ETF listings on NEO. These are the first Redwood ETFs to be launched on the public markets, and will provide investors with a suite of ETF solutions managed by best-in-class specialist investment boutiques. Redwood becomes the fourth ETF issuer to list securities on NEO. The actively managed Redwood ETF listings that began trading on NEO on March 15, 2017, are Redwood Floating Rate Preferred Fund (RPS) and Redwood U.S. Preferred Share Fund (RPU, RPU.B).
About NEO Exchange
Aequitas NEO Exchange Inc. is a new Canadian stock exchange using a bold new blueprint that puts investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue and a value added listing venue for capital raising companies and investment products. The NEO Exchange is a wholly owned subsidiary of Aequitas Innovations Inc., a company founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit: www.aequitasNEOexchange.com.