TORONTO--(BUSINESS WIRE)--The Aequitas NEO Exchange (“NEO”) is pleased to announce that Evolve Funds Group Inc. (“Evolve ETFs”) launched the Evolve Active Core Fixed Income ETF (NEO:FIXD) on NEO. When the fund launched on March 29, 2018, Evolve ETFs became the tenth ETF provider to list products on NEO. FIXD invests primarily in domestic and international fixed income securities.
Foyston, Gordon & Payne Inc. (“FGP”) will provide sub-advisory services to FIXD.
“We are excited to partner with Foyston, Gordon & Payne and the NEO Exchange in bringing this actively managed fixed income ETF to the Canadian market,” said Raj Lala, President and CEO of Evolve ETFs. “In our effort to continue providing best-in-class investment solutions, the Evolve Active Core Fixed Income ETF addresses investors’ need for fixed income strategies which help mitigate market risk and lower volatility in their investment portfolios. We are also looking forward to building our relationship with NEO.”
While this is the first time Evolve ETFs has selected NEO as a listing venue, their other listed ETFs already trade on the exchange. In March 2018, nearly 40 per cent of the volume across the entire Evolve ETFs product suite traded on NEO.
“We are pleased to partner with Evolve ETFs, the tenth and newest ETF provider to launch products on NEO,” stated Jos Schmitt, President and Chief Executive Officer, NEO. “Today’s launch comes almost exactly two years after the launch of our very first ETF listing. The rapid uptake of our exchange in a relatively short time is evidence that the industry needed a national exchange driven by fairness, liquidity and transparency, and a listing venue focused on the best interests of investors. Like Evolve ETFs, we are committed to transparency, innovation, delivering value to our respective clients, and we look forward to continued growth in the coming years.”
The NEO Exchange consistently accounts for more than 20 per cent of all Canadian ETF trading volume, and is now home to 44 funds representing more than 60 ETF listings from ten Canadian providers. Click here for a complete view of all NEO-listed securities.
About NEO Exchange
The Aequitas NEO Exchange (NEO) is Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue to trade all Canadian listed equities. It also has a value added listing platform for capital raising companies and investment products, offering unique liquidity, transparency and efficiency benefits. For more information, please visit: NEOstockexchange.com
For trading inquiries contact NEO’s investor helpline, toll-free at 1-844-933-5900.