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Sphere Investments Debuts ETFs on TSX


Sphere Investments is the latest ETF provider to list its products on Toronto Stock Exchange (TSX). The four Sphere FTSE Sustainable Yield ETFs will track the FTSE Sustainable Yield 150 Capped 10% Indexes.

  • Sphere FTSE Canada Sustainable Yield Index ETF
  • Sphere FTSE US Sustainable Yield Index ETF
  • Sphere FTSE Europe Sustainable Yield Index ETF
  • Sphere FTSE Asia Sustainable Yield Index ETF

We asked Sphere to outline the thinking and strategy behind these new products.

What strategy drives these ETFs?

The Sphere FTSE Sustainable Yield suite was designed to correct a significant pitfall of many dividend funds: exposure to high-yielding equities that cut their dividends. Exposure to these dividend cutters can be very detrimental to the fund performance. The objective of the Sphere FTSE Sustainable Yield suite is to provide investors with a portfolio of equities that pay reasonably high and sustainable yields.

What should investors know about dividend investment strategies regarding Canada and the international market?

We believe that yield investing can be an important way to generate equity returns while also participating in yielding securities. It should also be noted that Canadian investors have benefitted from a strong bias toward dividend strategies, but have been significantly disadvantaged by an even stronger bias toward Canadian dividend funds. Although Canada represents less than 4% of the world’s market capitalization, Canadian fund investors have well over 50% of their investments in Canadian products. We believe that Canadians should consider gaining more dividend-oriented exposure through funds with global exposure and a strong methodology.

Why did you choose TSX as your listing venue?

Sphere has global aspirations in its fund management methodologies and in ETF distribution. These aspirations made listing on TSX an easy decision. TSX has a globally known brand name and has been extremely supportive as Sphere developed its initial product suite. In short, TSX has been an exemplary partner.

ETFs on Toronto Stock Exchange

As of March 31, 2016, there were 395 ETFs listed on TSX with a total market capitalization of $104 billion.

For more information on ETFs and other exchange traded products, visit the ETF Centre on TMXmoney: http://app.tmxmoney.com/etp/.

For more information about Sphere Investments, visit www.sphereetfs.com.

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