Ninepoint launches three ETFs on NEO

Toronto-based Ninepoint Partners LP has launched three new ETFs on the NEO Exchange.

The Ninepoint Energy Fund seeks to achieve long-term capital growth by investing in companies involved in the exploration, development, production and distribution of oil, gas, coal or uranium. Series A has a management fee of 2.5%; Series F, 1.5%.

The Ninepoint Alternative Health Fund aims to deliver growth by investing in companies engaged in nutrition, nutraceuticals and new forms of medicines and pharmaceutical solutions. Series A has a management fee of 2.25%; Series F, 1.25%.

The Ninepoint Alternative Credit Opportunities Fund aims to generate long-term total returns by investing in long- and short-duration fixed income securities from around the world. The fund uses leverage created through cash borrowings, short sales and derivative contracts. Four series of the fund are available, with management fees ranging from 0.8%–1.4%.

Staff

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