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"We're happy to expand our partnership with NEO as we add to our ETF product lineup," said James Fox, co-CEO and Managing Partner at Ninepoint. "The launch of these three Ninepoint ETFs makes it easier for investors to better diversify their portfolios, and that's what Ninepoint is committed to delivering: better diversification."
The three new Ninepoint ETFs now available on the NEO Exchange include:
Ninepoint Energy Fund (NNRG)
Seeking to achieve long-term capital growth, this Fund invests primarily in equity and equity-related securities of companies that are involved in the exploration, development, production and distribution of oil, gas, coal, or uranium and other related activities in the energy and resource sector.
Ninepoint Alternative Health Fund (NAHF)
The Fund’s objective is to achieve growth by investing primarily in equity securities of companies engaged in nutrition, nutraceuticals, and new forms of medicines and pharmaceutical solutions.
Ninepoint Alternative Credit Opportunities Fund (NACO)
Seeking to generate long-term total returns, this Fund invests in a diversity of Canadian, U.S., and international fixed income securities for short-term and long-term gain. The Fund has no geographic, industry sector, asset class, or market capitalization restrictions. The Fund will use leverage created through cash borrowings, short sales, and derivative contracts.
These three new funds join four other broad theme Ninepoint ETFs already listed on the NEO Exchange, which were launched in November of 2020. Investors can trade units of the Ninepoint ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.
"It’s always gratifying to welcome back a returning issuer to the NEO Exchange," commented Jos Schmitt, President and CEO of NEO. "It’s an indication of their continued trust, and a testament to the service and support we provide to all of our clients at NEO. Ninepoint has a long and successful track record in the alternative investment space and we look forward to partnering with them once again, as we bring our own ETF expertise to the table."
NEO consistently represents about 20% of all volume traded in Canadian ETFs and close to 15% of all trading in Canadian-listed companies.
About the NEO Exchange
The NEO Exchange is Canada’s stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO is a non-venture stock exchange and lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Ninepoint Partners LP
Based in Toronto, Ninepoint is one of Canada’s leading alternative investment management firms overseeing approximately $8 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005294/en/
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