Here are two new ETFs for Canadians

Article Excerpt

This month we consider a unique ETF that buys carbon credits to offset the emissions of its holdings. Meanwhile, we look at a new Canadian energy ETF that has energy stock booster Eric Nuttall as a manager. The Evolve S&P/TSX 60 CleanBeta FUND $21.09 (Toronto symbol SIXT) invests in the companies that are the constituents of the S&P/TSX 60 index. What makes this fund different from other ETFs that track the same index is the objective to neutralize the carbon emissions of the fund holdings. The managers do that by purchasing and cancelling carbon credits. The fund launched on May 10, 2021, and charges a management fee of 0.20%. The asset base is still small with assets worth only $1.6 million. All in all, the cost to purchase and cancel the carbon credits will reduce the performance of the fund. The Evolve S&P 60 CleanBeta ETF is okay to hold only if you want to pay to offset the carbon emissions of the stocks…

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