ETC Files Sustainable North American Oil Sands ETF

OKLAHOMA CITY--(BUSINESS WIRE)--Exchange Traded Concepts Trust has filed a registration statement with the Securities and Exchange Commission for the Sustainable North American Oil Sands ETF, the first exchange traded fund that tracks the Sustainable North American Oil Sands Index.

“ETC is a unique partner with the established professional relationships and cost-effective platform that allows us to do what we do best – manage indexes.”

The new ETF will be advised by Exchange Traded Concepts, LLC (ETC) and sub-advised by Index Management Solutions, LLC. Sustainable Wealth Management Ltd. (SWM) will serve as Index Provider and Structured Solutions AG will calculate the Index.

The Fund will be launched utilizing ETC’s ETF-in-a-Box™ turnkey solution, an accelerated, low-cost platform to bring new ETFs to market.

The Sustainable North American Oil Sands ETF (Ticker Symbol: SNDS) will be passively managed and will seek investment results that, before fees and expenses, correspond generally to the price and yield performance of the Sustainable North American Oil Sands Index.

The Index’s universe of eligible stocks will include energy related companies from around the world that have operations (equipment, services, facilities, production and/or pipelines) in North America. The number of constituents may range between 25 and 40, are weighted equally, and will be listed on U.S. or Canadian stock exchanges.

“We are pleased that our partnership with Sustainable Wealth Management will lead to the first U.S.-listed oil sands ETF,” says J. Garrett Stevens, CEO of ETC. “Investors will now be able to capitalize on the best of North America’s oil sands growth through a single ETF.”

“Our research centers exclusively on developing superior passive index strategies to provide exposure to the oil sands investment opportunity,” says Derek Gates, president of Sustainable Wealth Management. “ETC is a unique partner with the established professional relationships and cost-effective platform that allows us to do what we do best – manage indexes.”

The Sustainable North American Oil Sands Index was created by Sustainable Wealth Management, which is independent of the Fund. Sustainable Wealth Management determines the components and relative weightings of the securities in the Index and publishes information regarding the Index.