Sphere opens FTSE emerging markets ETF

By Staff | October 5, 2016 | Last updated on October 5, 2016
1 min read

Sphere Investments is opening the Sphere FTSE Emerging Markets Sustainable Yield Index ETF (TSX: SHZ).

SHZ seeks to replicate, before fees and expenses, the performance of the FTSE Emerging Sustainable Yield 150 10% Capped 100% Hedge CAD Index, or any successor thereto. SHZ invests directly or indirectly in up to 150 equity securities of public issuers from countries within the region classified by FTSE as emerging markets, exhibiting relatively high and sustainable yields, as at the time of reconstitution or balancing.

All Sphere sustainable yield ETFs offer the same flat fee of 54 bps and are backed by FTSE Russell and State Street.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.