CALGARY, Alberta, Feb. 08, 2021 (GLOBE NEWSWIRE) -- SmartBe Wealth Inc. (“SmartBe”) announces that the following ETFs (collectively, the “New ETFs”) are expected to be listed on the NEO Exchange Inc. on February 9, 2021 under the following ticker symbols:
| New ETF | Ticker |
| SmartBe Canadian Quantitative Momentum Index ETF | SBCM |
| SmartBe Canadian Quantitative Value Index ETF | SBCV |
| SmartBe U.S. Quantitative Momentum Index ETF | SBQM |
| SmartBe U.S. Quantitative Value Index ETF | SBQV |
SmartBe is launching the New ETFs to provide Canadian investors with access to long-only quantitative value and momentum strategies focused on Canadian and United States equity securities. “Value” is a strategy that focuses on the common stock of companies with low prices relative to fundamentals. A “value” investment style emphasizes investing in securities that, based on quantitative analysis, are considered undervalued compared to other securities. “Momentum” is a strategy that focuses on the common stock of companies that have strong relative past performance. A “momentum” style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities.
The strategies for the New ETFs were chosen based on feedback from the market indicating the need for multiple solutions with a singular factor focus. SmartBe believes the New ETFs represent a positive evolution of SmartBe’s services to Canadian investors.
“The community has spoken and we listened. These funds are unique in Canada and represent a new opportunity for Canadians to add concentrated factor exposure to their portfolios,” says Rod Heard Co-Founder and CEO of Smart Be Wealth Inc. “Our exclusive partnership with the New ETFs’ index provider, Alpha Architect, continues to flourish, and we are confident in their sage approach to scientific investing.”
Wes Gray CEO of Alpha Architect responded saying, “The U.S. market appears to be a few years ahead of the Canadian market when it comes to the widespread adoption of ETFs and strategies based on scientific investing. We buy into SmartBe’s vision of creating the leading quantitative investment boutique in Canada and partnered with SmartBe because of our shared values in transparency and education.”
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, the launch and listing date of the New ETFs, and those statements identified by the expressions “anticipate”, “expect”, “intend”, “will” and similar expressions to the extent they relate to the New ETFs or SmartBe. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although SmartBe believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. SmartBe undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
A prospectus containing important information relating to the units and the New ETFs has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the prospectus may be obtained from www.sedar.com or from SmartBe. No securities regulatory authority has either approved or disapproved of the contents of this press release. This news release does not constitute an offer of securities for sale in the United States and the securities referred to in this news release may not be offered or sold in the United States absent registration or an exemption from registration.
About SmartBe
SmartBe Wealth Inc. is a wealth management firm and the manager of exchange-traded funds. The company partners with international and academically published index providers to construct and deliver Canadian exchange-traded funds for widespread public distribution. SmartBe is dedicated to brining new quantitative approaches to Canadian investors interested in affordable alternatives to sophisticated investment strategies. Further information can be found at www.smartbewealth.com.
Contact Information
SmartBe Wealth Inc.
Suite 680, 330 5th Ave SW
Calgary, Alberta, T2P 0L4
Attention: Cecilia Chen
403 930 8688
info@smartbewealth.com
www.smartbewealth.com