Canadian markets were greeted today by multiple new ETFs. A product of Coincapital, these ETFs look to serve Canadians interested in emerging technologies. Each was launched on Sept 20th, 2018 and are being marketed as ‘medium’ risk investments. Both ETFs are available for investors via the Toronto Stock Exchange.
In the news release provided by Coincapital, CEO Lewis Bateman commented, “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high quality investments in these sectors without deep domain expertise…we’re doing the work for investors, using our in-depth industry knowledge to provide Canadians with an innovative suite of investment options that help them invest in new technology even if they’re not an expert.”
Exchange Traded Funds
Provided by Coincapital, the fact sheet on THNK gives the following description:
“The ETF seeks to replicate, to the extent possible, the performance of the iSTOXX® Developed Markets B.R.AI.N. Index, net of expenses. The ETF directly or indirectly invests in equity securities of companies that are exposed to four technology-oriented themes: biotechnology, robotics, artificial intelligence and nanotechnology.”
Provided by Coincapital, the fact sheet on LDGR give the following description:
“The ETF seeks to replicate, to the extent possible, the performance of the iSTOXX® Yewno Developed Markets Blockchain Index, net of expenses. The Fund directly or indirectly invests in equity securities of companies from a wide range of industries that have been awarded with patents relating to the research and development of technologies related to blockchain.”
Based out of Switzerland, STOXX is a global index provider. Each of the ETFs launched by Coincapital are tailored to mimic indexes provided by STOXX. There is, however, no partnership or sponsorship between the two companies.
Coinsquare is one of Canada’s leading digital asset exchanges. Following the success of Coinbase in the United States, Coinsquare has begun to diversify their offered services. On July 30th, 2018, Coinsquare announced the launch of Coincapital.
This service was launched with the goal of facilitating investments in emerging technologies through a variety of means. In the few short months that Coincapital has been active, we have been greeted with the multiple ETFs as discussed earlier.
Coincapital made these choices by recognizing the unique nature of the blockchain industry, and the specialized knowledge needed to be successful within it. Upon launch of the platform, Coinsquare CEO, Cole Diamond, stated, “With the launch of Coincapital, we will leverage our knowledge of the emerging technology sector to provide an excellent investment opportunity for Canadians across a wide range of high growth assets…when it comes to emerging technologies, investors are excited about the opportunity but should not trust generic ETF firms chasing the next big trend. Coincapital solves that problem by bringing deep sector expertise to the table.”