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.
Important Disclosures
Exchange Traded Concepts is an SEC Registered Investment Adviser. The Firm's Form ADV is publicly available and can be found here: https://www.adviserinfo.sec.gov/Firm/151197. ETC may be subject to various conflicts of interest in the provision of its services. Potential conflicts of interest shall be identified in the Firm's Form ADV. The Exchange Traded Funds are referred to as "Funds" for purposes of this document. ETC transacts business in the United States and other jurisdictions where it is properly registered or excluded or exempted from registration requirements. This document does not constitute an offer of services in jurisdictions where ETC does not have the necessary licenses.
No representation is made that any Fund's investment process, objectives, goals or risk management techniques will or are likely to be achieved or be successful or that any Fund or any underlying investment will make any profit or will not sustain losses. The risks of investing in a Fund will not be negated by ETC's Fund services, and no assurance is given that a Fund will not be exposed to risks of significant trading losses.
The information provided herein does not constitute tax, legal or accounting advice. ETC does not provide legal, financial, accounting or tax advice. Clients and prospective Clients, as well as investors and prospective investors in a Fund ("Investors") are advised to seek the counsel of their own legal, financial and tax advisors for all matters relating to the services and structures contemplated herein. Each Investor (either alone or with its professional advisors) is solely responsible for its own due diligence, risk assessment and tolerance, investment objectives, any decision to invest in a Fund, and for monitoring its investment for purposes of determining whether it wishes to remain invested in such product and whether such product continues to be appropriate for its circumstances and requirements.
The information provided herein: (a) is provided as of the date indicated, (b) is in summary only and is not complete, and (c) is subject to change at any time without notice. Certain information provided by ETC is based on third-party sources and, although generally believed to be reliable, has not been independently verified. ETC is not responsible for errors or omissions from these sources. No representation is made with respect to the accuracy, completeness, or timeliness of such information, and ETC assumes no obligation to update or otherwise revise such information. In no event will ETC be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with the use of the information contained herein, even if advised of the possibility of such damages. ETC and its respective employees and its affiliates hereby exclude, to the extent permitted by applicable law, all liability in connection with the use of the information herein.
Interests in Funds will not be insured by the FDIC, the SIPC or any other organization, will not be deposits of any bank, and are not guaranteed by any bank.