Calgary-based Accelerate Financial Technologies Inc. is launching an alternative investment portfolio ETF.
The Accelerate OneChoice Alternative Portfolio ETF provides investors with exposure to a variety of alternative asset classes and investment strategies, including absolute return, private credit, real assets, alternative currencies (gold and bitcoin), global macro and alternative equity.
“As equity market valuations sit near record highs and fixed-income yields remain near all-time lows, investors are searching for uncorrelated returns to diversify their portfolios beyond the traditional portfolio of stocks and bonds,” said Julian Klymochko, founder and CEO of Accelerate, in a release.
The ETF will list on the Toronto Stock Exchange on Jan. 27, 2021.
The fund has a management fee of 0.2%.
Accelerate also announced a fund termination. The Accelerate Private Equity Alpha Fund is no longer accepting direct subscriptions for ETFs units and will close by the end of business on March 15, 2021.