Sphere Investments launches US Sustainable Yield ETF on Toronto Exchange

Apr 19th, 2016 | By | Category: Equities

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Canadian exchange-traded fund provider Sphere Investments has launched a new sustainable dividend yield ETF. The Sphere FTSE US Sustainable Yield Index ETF (SHU) is listed today on the Toronto Stock Exchange.


Lewis Bateman, Founder and CEO, Sphere Investments, joined Nick Thadaney, President and CEO, Global Equity Capital Markets, TMX Group to open the Toronto Stock Exchange on Tuesday 19 April 2016.

The ETF will track the performance of the FTSE USA Sustainable Yield 150 10% Capped 100% Hedge CAD Index. The index is a reference for the equity performance of 150 US large cap companies that have been screened for relatively high and sustainable dividend yields. Individual company exposure is capped at 10%.

As of 31 March 2016, the index has significant exposure to the consumer goods (19.7%), industrials (15.3%), health care (15.0%), financials (11.5%) and utilities (9.9%) sectors. The largest constituents in the index are Johnson & Johnson (5.1%), AT&T (4.2%), Procter & Gamble (3.9%), Verizon Communications (3.8%) and JP Morgan (3.8%).

The fund has an all-in management fee of 0.54%.

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