Evermore launches Canada’s first target-date retirement ETFs

Mar 4th, 2022 | By | Category: Alternatives / Multi-Asset

Evermore Capital has launched the Evermore Retirement ETFs, Canada’s first suite of target-date ETFs aimed at investors planning for retirement.

Evermore rolls out target date retirement ETFs on NEO

The ETFs serve as one-ticker solutions for investors planning for retirement.

Listed on Neo Exchange, the suite consists of eight ETFs with target dates increasing in five-year increments from 2025 to 2060.

Each ETF offers globally diversified exposure to equities, including stocks listed in developed and emerging markets, as well as fixed income segments, including government debt, corporate bonds, and mortgage and asset-backed securities.

The ETFs invest exclusively in highly liquid, low-cost index ETFs from third-party providers to gain exposure to the underlying asset classes.

Evermore manages each target-date retirement ETF using a glide path approach that gradually adjusts the asset allocation to reduce volatility as the target date approaches.

For investors near the beginning of their working life, the ETFs with later target dates focus on growth by allocating as much as 95% of total assets to equities. The ETFs become more conservative as the target date nears, shifting towards a final 50/50 allocation to equities and fixed income. Once an ETF reaches its target date, it will maintain the 50/50 allocation while making distributions to investors on a monthly basis.

According to Evermore, the ETFs are designed for investors looking to simplify their retirement investing and take the hassle out of deciding what to buy and sell or when to rebalance their portfolios.

Myron Genyk, Co-Founder and CEO of Evermore Capital, said: “Until now, target-date funds have only been available as higher fee mutual funds, or to select Canadians through group RRSP plans, making it difficult for the average Canadian to easily invest for their retirement.

“We wanted to close this gap and are on a mission to bring more accessibility to the market, ultimately empowering Canadians to more easily and effectively invest for retirement. We are proud to introduce Evermore Retirement ETFs to the Canadian market.”

Each Evermore Retirement ETF comes with a management fee of 0.35% and a target management expense ratio (MER) of 0.45%.

The suite is outlined below:

Evermore Retirement 2025 ETF (ERCV CN)
Evermore Retirement 2030 ETF (ERDO CN)
Evermore Retirement 2035 ETF (ERDV CN)
Evermore Retirement 2040 ETF (EREO CN)
Evermore Retirement 2045 ETF (EREV CN)
Evermore Retirement 2050 ETF (ERFO CN)
Evermore Retirement 2055 ETF (ERFV CN)
Evermore Retirement 2060 ETF (ERGO CN)         

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