Scotia Global Asset Management Launches Emerging Markets ETF on the NEO Exchange

Rhea-AI Summary

NEO Exchange announces the launch of the Scotia Emerging Markets Equity Index Tracker ETF, now trading under the symbol SITE. This ETF aims to replicate the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index and is sub-advised by State Street Global Advisors. Scotia Global Asset Management has successfully listed five ETFs this year on NEO, reflecting their commitment to providing investment options in emerging markets. The NEO Exchange hosts over 250 listings and plays a significant role in Canadian ETF trading, handling approximately 20% of the market.

Positive

• Launch of Scotia Emerging Markets Equity Index Tracker ETF enhances NEO's ETF offerings.
• Scotia GAM has successfully launched five ETFs on NEO this year, indicating strong demand.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- NEO is proud to announce that Scotia Global Asset Management (“Scotia GAM”) is back for another launch on the NEO Exchange. The Scotia Emerging Markets Equity Index Tracker ETF is now available for trading on NEO, under the symbol SITE.

The SITE ETF is a market capitalization-weighted, index-tracking ETF that aims to replicate the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. The ETF is sub-advised by State Street Global Advisors.

“I am thrilled to welcome back Scotia GAM for their fifth listing this year on the NEO Exchange,” remarked Jos Schmitt, President & CEO of NEO. “A return issuer is a true validation of NEO’s steadfast commitment to the ETF industry and the quality of service our team provides. Congratulations to Scotia GAM for building out their product shelf with an option for investors who are looking for exposure to emerging markets. We look forward to our continued partnership as we support the ongoing success of Scotia’s NEO-listed offerings.”

The Scotia Emerging Markets Equity Index Tracker ETF joins 8 other Scotia ETFs, already listed on the NEO Exchange. Investors can trade shares of the NEO-listed Scotia ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.

The NEO Exchange is home to over 250 unique listings, including ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. NEO consistently facilitates about 20% of all trading in Canadian ETFs and between 10% and 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since 2015 and acquired by Cboe Global Markets in 2022, NEO provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook

About Scotia Global Asset Management

Scotia Global Asset Management includes 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, and investment solutions for private clients, institutions and managed asset programs.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of approximately $1.3 trillion (as at July 31, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).

Connect with Scotiabank: Website | Twitter | LinkedIn

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005211/en/

NEO Media Contact:

Aimee Morita

media@neostockexchange.com

Source: NEO

FAQ

What is the Scotia Emerging Markets Equity Index Tracker ETF?

The Scotia Emerging Markets Equity Index Tracker ETF is an index-tracking ETF that replicates the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index.

What is the stock symbol for the Scotia Emerging Markets Equity Index Tracker ETF?

The stock symbol for the Scotia Emerging Markets Equity Index Tracker ETF is SITE.

How many ETFs has Scotia Global Asset Management launched on NEO this year?

Scotia Global Asset Management has launched five ETFs on NEO this year.

What percentage of Canadian ETF trading does the NEO Exchange handle?

The NEO Exchange handles approximately 20% of all trading in Canadian ETFs.