TORONTO, Nov. 16,
2022 /CNW/ - Scotia Global Asset Management announced
the launch of Scotia Emerging Markets Equity Index Tracker ETF
(ticker: SITE), which will be listed on the NEO Exchange (NEO) when
it opens today.
SITE is a market capitalization-weighted, index-tracking ETF
that aims to replicate the performance of Solactive GBS Emerging
Markets Large & Mid Cap Index. The ETF is sub-advised by
State Street Global Advisors.
|
Ticker
|
ETF Name
|
Index Name
|
Management
Fee
|
Fixed Administration
Fee*
|
|
SITE
|
Scotia Emerging Markets
Equity Index Tracker ETF
|
Solactive GBS Emerging
Markets Large & Mid Cap Index
|
0.16 %
|
0.09 %
|
*Fixed administration fees decrease as the assets under
management of the ETF increase.
Scotia Index Tracker ETFs offer low-cost investment solutions to
closely track the performance of specified indexes. For more
information on SITE and the full suite, visit
www.scotiabank.com/ETF.
Commissions, management fees and expenses all may be associated
with mutual fund investments, including exchange-traded funds
(ETFs). Please read the prospectus before investing. The securities
held by the ETFs can change at any time without notice. Mutual
funds and ETFs are not guaranteed, their values change frequently,
and past performance may not be repeated.
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). For more information,
please visit http://www.scotiabank.com and follow us on
Twitter @ScotiabankViews.
SOURCE Scotiabank