TORONTO--(BUSINESS WIRE)--Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce that Redwood Asset Management Inc. (“Redwood”), a wholly owned subsidiary of Purpose Investments Inc. (“Purpose”), received final approval from NEO and Canadian securities regulators to launch a new series of ETFs. The following ETFs commenced trading today on NEO:
|RDE||Redwood Core Income Equity Fund|
|RTA||Redwood Tactical Asset Allocation Fund|
“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,” stated 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,” added 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.”
Redwood’s launch today marks the second time in recent months where an ETF provider has returned and selected NEO as their listing exchange to launch additional funds. To date, NEO has listed 16 ETFs, for a total of 32 different symbols from five ETF providers.
For a complete view of NEO-listed securities, please visit: https://www.aequitasneo.com/en/exchange/neo-listed-securities
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: https://www.aequitasneo.com.