Toronto-based alternative investment firm Ninepoint Partners has introduced its first ETFs with the launch of four actively managed tactical funds on NEO Exchange.
James Fox, Co-CEO and Managing Partner at Ninepoint Partners.
The new listings, which represent ETF share classes of existing mutual funds, provide exposure to fixed income, cash management, and precious metals investment strategies.
The Ninepoint Diversified Bond Fund (NBND CN) seeks to maximize total return and provide income by investing in corporate and government debt and debt-like securities such as convertible bonds with any credit rating. The fund has a global mandate but is expected to focus on North American issuers. Foreign currency exposure will generally be hedged back into Canadian dollars. The ETF’s management fee is 0.75%.
The Ninepoint High Interest Savings Fund (NSAV CN) seeks to maximize yield on cash balances while providing daily liquidity. The fund invests in high-interest savings accounts offered at Schedule 1 Banks in Canada. The ETF’s management fee is 0.14%.
The Ninepoint Gold and Precious Minerals Fund (CAD: GLDE CN; USD: GLDE.U CN) seeks to provide long-term capital growth by investing in gold and other precious metals as well as companies that are involved in the exploration, mining, production, or distribution of these commodities. Equity investments are selected based on fundamental analysis that seeks out undervalued companies backed by strong management teams and solid business models that can benefit from macroeconomic trends. The ETF’s management fee is 1.50%.
The Ninepoint Silver Equities Fund (CAD: SLVE CN; USD: SLVE.U CN) follows a similar strategy as described above by focuses on investing in silver as well as the companies involved in any stage of silver production. The ETF’s management fee is also 1.50%.
James Fox, Co-CEO and Managing Partner at Ninepoint Partners, commented, “We are excited to offer an ETF series for some of our most popular tactical strategies. Adding another vehicle to access our unique fixed income, precious metals, and cash account solutions means our clients can more readily take advantage of these strategies in their portfolio allocation models.”
Warren Steinwall, Managing Director, Investment Operations at Ninepoint Partners, added, “It’s been great working with NEO on this launch. As an exchange, NEO has proven to be a true champion of innovation and technology, with deeply-rooted expertise in the ETF space. Their support has been invaluable in helping us bring our first ETF products to market.”