TORONTO--(BUSINESS WIRE)--Cboe Canada Inc. (“Cboe Canada”) is pleased to welcome FT Portfolios Canada Co. (“First Trust Canada”) for the launch of a new ETF. The First Trust SMID Cap Rising Dividend Achievers ETF is now trading on Cboe Canada, with both units and hedged units available, under the symbols SDVY and SDVY.F respectively.
The ETF seeks to track the performance of the Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index (the “Index”) by holding securities of First Trust SMID Cap Rising Dividend Achievers ETF, a U.S.-listed index ETF. The Index is designed to measure the performance of securities in the small to mid-capitalization space determined to have increased their dividend value over the previous three year and five year annual periods, while being best positioned to continue the dividend increase.
“Our goal at First Trust Canada is to continue to provide high quality, innovative and timely investment strategies for investment advisors. With the expectation of lower interest rates, dividend paying companies and small to medium cap companies will benefit from this shift. This ETF provides investors access to a high-quality US small and medium cap equity market,” said Nilesh Patel, Head of Distribution at First Trust Canada.
The new First Trust Canada ETF is now trading alongside three First Trust ETFs already listed on Cboe Canada. Investors can trade units of First Trust Canada ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
“Demand for U.S. exposure has remained consistent among Canadian investors. First Trust Canada’s latest fund provides a new way to access U.S. equities with the potential for increased income,” added Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. “It’s a pleasure to collaborate with First Trust Canada on the launch of this product. Together, we are driving progress and expanding choice for Canadian ETF investors.”
Cboe Canada is home to over 300 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 15% of all volume traded in Canadian listed securities. Click here for a complete view of all securities listed on Cboe Canada.
About Cboe Canada
Cboe Canada is Canada’s Tier 1 stock exchange, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.
Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
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About First Trust Canada
First Trust Canada is the trustee, manager and promoter of the fund. First Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”), portfolio advisor to the fund, an Ontario Securities Commission registered portfolio manager and U.S. Securities and Exchange Commission registered investment advisor, and First Trust Portfolios L.P., a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately U.S.$235.63 billion as of July 31, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. For more information, visit www.firsttrust.ca.
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