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Globe editors have posted this research report with permission of Inovestor. This should not be construed as an endorsement of the report’s recommendations. For more on The Globe’s disclaimers please read here. The following is excerpted from the report:

The Canadian ETF industry welcomes another issuer, 1832 Asset Management L.P., an indirectly wholly-owned subsidiary of The Bank of Nova Scotia. Its first suite consists of four ETF portfolios holding other ETFs in the U.S. equity, Canadian equity, international equity and fixed-income spaces. The management fee on Scotiabank’s ETFs range from 0.45 to 0.60 per cent.

Invesco launched Canada’s first equal-weight U.S. large-cap ETF. The Invesco S&P 500 Equal Weight Index ETF (EQL-T) provides equal-weight exposure to the companies that make up the S&P 500 Index by allocating 0.2 per cent weight to each company at its quarterly rebalancing. This equal-weight component reduces concentration risk of the S&P 500. To illustrate, the S&P 500 Index (float-adjusted market cap weighted) has an exposure of 26 per cent to the information technology sector, compared with 13.6 per cent for the S&P 500 Equal Weight Index. The ETF is also offered in hedged and U.S. dollar units, and has a management fee of 0.25 per cent of NAV.

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