New index-tracker ETF suite from Scotia GAM

Scotia Global Asset Management is now offering a new line of Scotia Index Tracker ETFs.

The funds, which will trade on the NEO Exchange, are market capitalization–weighted index-tracking ETFs that are sub-advised by Boston, Mass.-based State Street Global Advisors. The funds aim to replicate the performance of market indexes from Solactive.

The four funds include the Scotia Canadian Bond Index Tracker ETF, which has a management fee of 0.05%; the Scotia Canadian Large Cap Equity Index Tracker ETF, which has a management fee of 0.03%; the Scotia US Equity Index Tracker ETF, which has a management fee of 0.05%; and the Scotia International Equity Index Tracker ETF, which has a management fee of 0.15%.

Each of the funds also has a fixed administrative fee, which will decrease as the assets under management of the ETFs increase, a release said.

Correction: A previous version of this article incorrectly stated the funds’ management fees.

Staff

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