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., received final approval from NEO and Canadian securities regulators to launch the Redwood Emerging Markets Dividend exchange traded fund (ETF). The new ETF, represented by the ticker REM, commences trading today on NEO.
“This ETF is designed to provide investors with exposure to the long-term growth of emerging markets, in a strategy that mitigates volatility and provides current income,” said Peter Shippen, President and Chief Executive Officer of Redwood. “We are delighted to broaden our partnership with NEO today, and look forward to continuing to grow our relationship in the months ahead.”
“NEO and Redwood are partners who subscribe to unconstrained thinking to foster innovative solutions. We both strive to meet the needs of our clients while doing what we believe is right for the investment community,” stated Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “We are pleased to be growing our relationship with Redwood today. Their repeated commitment to NEO is a testament to the work we are doing to level the playing field for all investors, while promoting liquidity for investment products.”
Today marks the third time this year Redwood has selected NEO as its listing exchange to launch new funds, bringing the number of Redwood ETFs listed on NEO to seven. NEO is home to 16 funds, comprised of 34 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.