Ontario — Canada’s NEO Exchange says it welcomes Wealthsimple back with the launch of the Wealthsimple North American Green Bond Index ETF (CAD-Hedged).
Mackenzie Investments will serve as trustee, manager and portfolio manager for the new ETF, which began trading under the symbol WSGB. Wealthsimple says this launch helps investors gain core fixed income exposure while having a positive impact by funding projects addressing environmental and social issues.
The Green Bond Index ETF replicates the performance of the Solactive Green Bond USD CAD DM CAD hedged Index, which invests primarily in investment-grade green, social, and sustainable bonds, with its foreign currency exposure, hedged back to the Canadian dollar.
“As a company committed to making accessible and affordable financial products for everyone, we’re excited to introduce the Wealthsimple Green Bond ETF on NEO’s innovative exchange,” said Ben Reeves, Chief Investment Officer at Wealthsimple.“Our new offering gives Canadians the ability to invest directly in the environmental and social projects required for a net-zero carbon economy while also supporting their own personal financial goals.”
Data on bonds held by WSGB will be provided by Solactive and the Climate Bonds Initiative, which will ensure that issuers comply with Green and Social Bond Principles at launch, and subsequently on an annual basis, to prevent greenwashing.