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Viktor Thaut/123RF

Toronto-based Stone Asset Management Limited (SAM) has launched its first platform-traded fund with series PTF of its Stone Dividend Growth Class fund.

The new PTF is now available on the NEO Connect platform.

The Stone Dividend Growth Class fund caters to “the growing generational need” for income with total return, a release from SAM said.

Neo Connect is a platform that streamlines the distribution of financial assets to investors by asset managers. According to the release, the platform allows fund manufacturers to offer PTFs at a lower cost than Series F funds.

SAM’s new PTF joins nearly 70 others from eight fund providers on the platform.