CI First Asset Launches Debut ETF on NEO
Toronto – September 17, 2019 – NEO is pleased to announce that CI First Asset MSCI World ESG Impact ETF begins trading today on the NEO Exchange, a progressive stock exchange bringing together investors and capital raisers within a fair, transparent and innovative marketplace. The ETF, which is trading under the symbols CESG and CESG.B, is the first ETF from CI First Asset Exchange Traded Funds (“CI First Asset”), a division of CI Investments Inc., to list with NEO. It is also their first ESG-focused fund.
“This ESG impact fund represents an important addition to our product shelf as it provides a meaningful way for investors to diversify their portfolios, while allocating capital towards some of today’s most pressing global issues,” said Rohit Mehta, President of CI First Asset ETFs and Executive Vice-President of CI Financial. “ESG investing embraces a forward-thinking approach rooted in doing what is right for the future, and so we are pleased to launch our debut ESG product with a forward-thinking listing partner like NEO.”
The ETF has been designed to track the MSCI World ESG Select Impact ex Fossil Fuels Index, which targets large and mid-cap companies in 23 developed countries with a positive impact on environmental, social and governance factors.
“As the first Canadian exchange to partner with the Sustainable Stock Exchanges Initiative, we acknowledged our responsibility as a stock exchange in fostering greater awareness of ESG factors across the whole investment spectrum, and understood at an early stage how important ESG investing would become in the global capital markets,” said Jos Schmitt, President and CEO, NEO. “Welcoming yet another industry leader with an ESG impact fund to our exchange is a testament to the benefits of and continued need for the right competition in Canadian capital markets.”
The NEO Exchange is now home to over 90 corporate and ETF listings, and consistently facilitates over 10 per cent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About NEO Exchange
The Neo Exchange Inc. is a progressive stock exchange that brings together investors and capital raisers within a fair, transparent and innovative marketplace. Fully operational since June 2015, NEO puts investors first, giving them access to trade all Canadian-listed securities on a level playing field. NEO Exchange lists senior companies and investment products who want a stock exchange that enables investor confidence, broad awareness, quality liquidity and unfettered access to market data. For more information, please visit: NEOstockexchange.com