Montreal-based Desjardins Global Asset Management Inc. (DGAM) has introduced a new emerging-markets ETF to its existing suite of multifactor-controlled volatility ETFs.
Desjardins Emerging Markets Multifactor-Controlled Volatility ETF has closed the initial offering of units and began trading on the Toronto Stock Exchange on Friday. DGAM will act as manager and portfolio advisor of the ETF.
"Given our earlier launches of developed-market ETFs, an emerging-markets solution was the next major market segment selected for our multifactor-controlled volatility ETF approach," says Nicolas Richard, chief operation officer at DGAM, in a statement. "We are now in a position to offer our unique and innovative construction strategy to all of our clients for all of the major markets of the world."
The ETF aims to duplicate the performance of the scientific beta emerging-markets multifactor-controlled volatility index, net of fees and expenses. Under normal market conditions, the ETF will invest primarily in emerging-markets securities.