Emerging-markets ETF from Sphere

A new emerging-markets ETF is available from Toronto-based Sphere Investment Management Inc. Sphere FTSE Emerging Markets Sustainable Yield Index ETF is a smart-beta fund that seeks to replicate the performance of the FTSE emerging sustainable yield 150 10% capped 100% hedged CAD Index. The ETF invests in up to 150 equities from countries classified as emerging markets by the Financial Times Stock Exchange that exhibit relatively high and sustainable yields at the time of the ETF’s rebalancing. The ETF’s management fee is 0.54% of NAV.

(fcollie@investmentexecutive.com).