Description

Exposure to an equal-weighted portfolio of 25 large-capitalization, Canadian-listed companies, designed to provide exposure to firms with high levels of economic profit that are trading at attractive valuations. INOC is designed to offer exposure to high-quality Canadian companies that consistently generate shareholder wealth, based on the philosophy of Economic Value Added, a measure of corporate financial performance. INOC’s factor-based index strategy is expected to avoid permanent sector concentration issues associated with traditional indices INOC seeks to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index, net of expenses. The Nasdaq Inovestor Canada Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.