Toronto-based Redwood Asset Management Inc. has expanded its ETF offering, with the addition of Redwood Core Income Equity Fund and the Redwood Tactical Asset Allocation Fund.
“These ETFs are versions of our volatility-managed tactical asset allocation and core income equity funds,” says Peter Shippen, president and CEO of Redwood, a wholly owned subsidiary of Purpose Investments Inc., in a statement.
Both series began trading on the Aequitas NEO Exchange, which now lists a total of 16 ETFs, on Wednesday.
“Redwood’s decision to launch these ETFs on NEO is a strong vote of confidence in what we are doing as a new Canadian stock exchange and what we are working to achieve through competition and innovation,” says Jos Schmitt, president and CEO of NEO Exchange, in a statement.