TORONTO, ON--(Marketwired - November 01, 2016) - Questrade Wealth Management Inc. is pleased to announce that it will reduce the management fee of the following exchange-traded funds, effective at the commencement of trading on November 1, 2016.
Questrade, a leader and innovator in investment solutions, has quickly become a top ten provider of ETFs in Canada.
Edward Kholodenko, President and CEO of Questrade Financial Group, says: "The ETF market has grown tremendously as Canadians have discovered the low cost and diversification benefits of exchange-traded funds. By reducing fees on these Questrade ETFs, we will create even better investment options so Canadians can become more financially successful and secure. Investors look to Questrade for value and exceptional service, and, with this announcement, we continue to raise the bar for investment services in Canada."
"At Questrade Wealth Management, we are always looking for ways to create more value for investors and provide new, innovative solutions to the market. It's why we were the first to offer U.S. Midcap Equity ETFs in Canada," says John Youn, Executive Managing Director, ETFs & Global Structured Products at Questrade Wealth Management. "We are thrilled to announce that we are lowering management fees on several of our Smart ETFs by over 50%. As a result, our four U.S. sector ETFs now have the lowest management fees among all competitors."
| Questrade Smart ETF | Trading Symbol | Current Management Fee | Reduced Management Fee (commencing November 1, 2016) | |||
| Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD | QRT | 0.70% of net asset value | 0.25% of net asset value | |||
| Questrade Russell 1000 Equal Weight US Industrials Index ETF Hedged to CAD | QRI | 0.70% of net asset value | 0.25% of net asset value | |||
| Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD | QRH | 0.70% of net asset value | 0.25% of net asset value | |||
| Questrade Russell 1000 Equal Weight US Consumer Discretionary Index ETF Hedged to CAD | QRD | 0.70% of net asset value | 0.25% of net asset value | |||
| Questrade Russell US Midcap Growth Index ETF Hedged to CAD | QMG | 0.75% of net asset value | 0.35% of net asset value | |||
| Questrade Russell US Midcap Value Index ETF Hedged to CAD | QMV | 0.75% of net asset value | 0.35% of net asset value | |||
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
About Questrade Financial Group Inc.:
Questrade Financial Group Inc. ("QFG") and its affiliated companies provide financial products and services to Canadians including securities, foreign currency, and wealth management. In 2014, Questrade's CEO was named as EY Entrepreneur of the Year (Ontario) in the services category, and since 2011, Questrade has been ranked one of Canada's Best Managed Companies. Questrade Financial Group is headquartered in Toronto.
About Questrade Wealth Management Inc.:
Questrade Wealth Management Inc. ("QWM") manages and administers the Questrade ETFs and provides professional investment management services through Portfolio IQ. QWM is an investment fund manager, portfolio manager and exempt market dealer. QWM is a wholly owned subsidiary of QFG.
Contact Information:
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Ruth-Anne Boyd
Senior Manager, Communications
Tel: 416.227.9876 x5288