Aequitas NEO Exchange Inc. has announced that Redwood Asset Management Inc., a wholly owned subsidiary of Purpose Investments Inc., received final approval from NEO and Canadian securities regulators to launch a new series of ETFs.
The following ETFs began trading today on NEO:
- Redwood Core Income Equity Fund and
- Redwood Tactical Asset Allocation Fund.
Read: How to use ETF Facts
“These ETFs are versions of our volatility-managed tactical asset allocation and core income equity funds,” says Peter Shippen, president and CEO of Redwood Asset Management, in a release.
NEO has now listed 16 ETFs, for a total of 32 different symbols from five ETF providers.
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