TORONTO, Jan. 13, 2022 /CNW/ - Scotia Global Asset
Management announced today the launch of its Scotia Responsible
Investing ETFs, which will be listed on the NEO Exchange (NEO) when
it opens today.
The ETFs aim to replicate the performance of a series of
reference indices, which apply responsible investing screens to
exclude issuers if they, among other things:
- do not comply with established norms
- are materially involved in controversial business
activities
- have material exposure to fossil fuels and/or a relatively high
carbon intensity profile compared to the majority of their sector
peers
Incorporating these specific ESG factors, Scotia Responsible
Investing ETFs are market capitalization weighted and index
tracking. They are sub-advised for Scotia Global Asset Management
by State Street Global Advisors.
Ticker
|
ETF
Name
|
Reference
Index
|
Management
Fee
|
Fixed
Administration Fee*
|
SRIB
|
Scotia Responsible
Investing Canadian Bond Index ETF
|
Solactive Responsible
Canadian Bond Universe Liquid ex MPL TR Index
|
0.10%
|
0.03%
|
SRIC
|
Scotia Responsible
Investing Canadian Equity Index ETF
|
Solactive Responsible
Canadian Equity Index
|
0.11%
|
0.02%
|
SRIU
|
Scotia Responsible
Investing U.S. Equity Index ETF
|
Solactive Responsible
U.S. Equity Index
|
0.14%
|
0.03%
|
SRII
|
Scotia Responsible
Investing International Equity Index ETF
|
Solactive Responsible
International Equity Index
|
0.17%
|
0.05%
|
*Fixed
administration fees decrease as the assets under management of the
ETFs increase. Please refer to the prospectus for more
details.
|
"At Scotia Global Asset Management, we incorporate
environmental, social and governance factors into investment
decision making and product design, to deliver long-term value to
our clients. We are pleased to further expand our lineup of
dedicated responsible investment solutions to provide investors
with greater choice," says Neal
Kerr, Head, Scotia Global Asset Management (Canada).
For more information, visit scotiabank.com/ETF.
Commissions, management fees and expenses all may be associated
with mutual fund investments, including exchange-traded funds
(ETFs). Please read the prospectus before investing. The securities
held by the ETFs can change at any time without notice. Mutual
funds and ETFs are not guaranteed, their values change frequently
and past performance may not be repeated.
About Scotia Global Asset Management
Scotia Global
Asset Management includes 1832 Asset Management L.P., a limited
partnership, the general partner of which is wholly owned by
Scotiabank. Scotia Global Asset Management offers a range of wealth
management solutions, including mutual funds, ETFs and investment
solutions for private clients, institutions and managed asset
programs.
About Scotiabank
Scotiabank is a leading bank in the
Americas. Guided by our purpose: "for every future", we help our
customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of approximately 90,000 employees and assets of
approximately $1.2 trillion (as at
October 31, 2021), Scotiabank trades
on the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
About Solactive
Solactive is a leading provider of
indexing, benchmarking, and calculation solutions for the global
investment and trading community. Headquartered in Frankfurt, and with offices in Hong Kong, Toronto, Berlin, and Dresden, we innovate and disrupt the status
quo as the partner of choice for our clients. The unique blend of
our 250 staff's expertise in data, data science, financial markets,
and technology enables our clients' continued success through the
delivery of a superior experience, unique customization
capabilities, and the best value for money available in the
industry. With more than 14,000 indices calculated daily, we offer
a full suite of solutions, including market-leading ESG and
thematic indices. As at April 2020,
Solactive served approximately 450 clients across the world, with
approximately US$200 billion invested
in products linked to our indices. Solactive is registered with
ESMA as a benchmark administrator and is supervised by the
BaFin.
SOURCE Scotiabank