Ninepoint Partners Returns to the NEO Exchange with New Defined Income ETF
- Jun 30, 2022
Toronto | June 30, 2022 – NEO is proud to announce that Ninepoint Partners LP (“Ninepoint”) is back for yet another launch on the NEO Exchange with today’s listing of the Ninepoint Target Income Fund, trading now under the symbol TIF.
The Ninepoint Target Income Fund seeks to provide unitholders with stable, monthly distributions and lower volatility than a direct investment in the broad equity markets by investing primarily in a diversified portfolio of equity index-based investments that generates income, and using derivatives strategies to moderate the market volatility of those investments.
“We are excited to launch a timely new investment solution with our trusted partners at the NEO Exchange,” said John Wilson, Co-CEO and Managing Director of Ninepoint Partners. “The current volatile market environment provides an opportunity to allocate to defensive equity income-based strategies like the Target Income Fund, which is highly liquid and offers a 6% target distribution[1] with downside protection for investors.”
Units of the Ninepoint Target Income Fund are now available for trading on the NEO Exchange, along with nine other Ninepoint ETFs. Investors can purchase units of the Fund through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.
“A returning issuer is always extra cause for celebration as it is a tangible endorsement that we are doing things right,”commented Jos Schmitt, President of NEO.“We have enjoyed a great relationship with the team of visionaries at Ninepoint for several years now, and are honoured to partner with them yet again as they further expand their diversified product shelf. I proudly reaffirm NEO’s commitment to driving change and innovation in the Canadian ETF industry, and look forward to continuing to provide Ninepoint with the exceptional service they have come to expect.”
The NEO Exchange is home to almost 250 unique listings, including ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. NEO consistently facilitates about 20% of all trading in Canadian ETFs and between 10% and 15% of all volume traded across Canadian marketplaces.
About the NEO ExchangeThe NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015 and
acquired by Cboe Global Markets in 2022, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
In 2021, NEO launched the Canadian ETF Market, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data powered by ETF specialist Trackinsight allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
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About Ninepoint Partners LPBased in Toronto, Ninepoint is one of Canada’s leading alternative investment management firms overseeing approximately $8 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.
Connect with Ninepoint: Website | LinkedIn | Twitter
[1] The monthly distribution amount may be adjusted by the Manager without notice throughout the year as market conditions change. Monthly distributions will be comprised of net income, net realized capital gains and/or return of capital. Any net income and/or net realized capital gains earned by the Fund in excess of the monthly distribution will be distributed to unitholders annually in December.