/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./
TORONTO, April 15, 2016 /CNW/ - Sphere Investments is pleased to announce the launch of the Sphere FTSE Canada Sustainable Yield Index ETF (the "Sphere ETF"). The Sphere ETF has closed the initial offering of its Units, and those Units will begin trading on the Toronto Stock Exchange (the "TSX") today.
Sphere Investment Management Inc. will act as trustee, manager and portfolio advisor of the Sphere ETF.
Sphere FTSE Canada Sustainable Yield Index ETF (TSX: SHC)
The Sphere ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Canada Sustainable Yield 150 10% Capped Index (CAD), or any successor thereto. The Sphere ETF invests directly or indirectly in up to 150 Canadian equity securities of public issuers exhibiting relatively high and sustainable yields, as at the time of reconstitution or balancing.
About Sphere Investments:
Sphere Investment Management Inc. ("Sphere Investments") is the provider of an integrated wealth management platform based on ETFs. Sphere Investments is a wholly-owned subsidiary of Sphere Exchange Traded Investments Ltd. Founded in 2015, Sphere Investments was established with a philosophy of providing Canadians with leading investment solutions based on factor-tilted methodologies that are: innovative, diversified, low-cost, tax-efficient, transparent and tailored to investor risk/return profiles. For more information visit: sphereetfs.com
The FTSE Canada Sustainable Yield 150 10% Capped Index (CAD) is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Sphere ETF and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Sphere ETF. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Sphere ETF or the suitability of the Index for the purpose to which it is being put by Sphere Investment Management Inc.
All rights in the FTSE Canada Sustainable Yield 150 10% Capped Index (CAD) (the "Index" vest in FTSE International Limited ("FTSE"). "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license.
SOURCE Sphere Investments