Index-tracking funds track broadly diversified equity and bond market indices
Scotia Global Asset Management is offering Canadians more passive-investment options with four index-tracking ETFs.
Sub-advised by State Street Global Advisors, the suite of market cap-weighted index ETFs aims to replicate the performance of broadly diversified market indices offered by Solactive.
The new ETFs, which are traded on the NEO Exchange, come with management fees ranging from 0.03% to 0.15%, with fixed administration fees of anywhere from 0.02% to 0.05%.
“Canadian investors entrust us with their life savings across a broad spectrum of investment solutions,” said Neal Kerr, senior vice-president and head of Scotia Global Asset Management. “We are pleased to further expand our ETF line-up to provide them with greater choice.”
The ETFs, along with their tickers and associated fees, include:
