Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) TSX
33.50
+0.17(+0.51%)
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
33.50
+0.17(+0.51%)
Currency In CAD
Address
201 Portage Avenue, Suite 700
Winnipeg, MB R3B 3K6
Canada
Phone
1-855-255-9038
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
June 17, 2020
The fund is an index tracking fund, where individual components are selected from the Solactive GBS Developed Markets ex North America Large & mid-cap Index. The aim of this ETF is to screen out companies with poor ESG values from a universe of mid to large-cap stocks within the Developed Market ex North America space. The surviving universe is then scored using a multi-factor criteria (average of the individual momentum, value and quality scores) and a carbon intensity criteria. Companies that fall under the bottom quartile of both criteria are excluded and the rest are included in the underlying index. Each component is weighted using their inverse-volatility over the three-year period on an individual basis and on a sector basis. Individual weights are capped at 2%, while country weights are capped at 30% each. Rebalancing is done quarterly.