TORONTO, April 5, 2019 /CNW/ - Auspice Capital Advisors
Ltd. ("Auspice") announced today that the portfolio adviser
for Canadian Crude Oil Index ETF (the "ETF")
(CCX:TSX) will be changed from Horizons ETFs Management
(Canada) Inc. ("Horizons")
to Purpose Investments Inc. ("Purpose") effective
April 9, 2019. Auspice appreciates
the work Horizons has done and looks forward to the new
relationship with Purpose and again working with Som Seif and his
team.
There will be no changes to the investment objectives or
strategies of the ETF as a result of the change in portfolio
adviser.
Canadian Crude Oil Index ETF is uniquely positioned as the only
way to access Canadian crude oil commodity and heavy-oil globally
for non-wholesale/retail investors. Heavy oil is critical to
the global energy system as the US refinery system is the largest
buyer of heavy oil and Canada is
the largest supplier globally.
About Auspice Capital Advisors, Ltd.
Auspice is a Calgary, Canada
based fund manager of non-correlated alternatives which since 2006
has partnered with global institutional and retail clients. Led by
a respected PM team with institutional pedigree from an Energy
major and Canadian bank, Auspice employs a disciplined, rules-based
approach to investment management and manages a suite of
award-winning and innovative investment products available in a
variety of delivery mechanisms (funds, ETFs, indices, managed
accounts).
Auspice is registered as a portfolio manager (IFM, CTM, EMD) in
Canada and a CTA with the NFA.
Auspice is the manager and trustee of the ETF, and is responsible
for providing or arranging for the administrative and third party
services required.
About Purpose Investments Inc.
Purpose is an asset management company with more than
$6 billion in assets under
management. Purpose Investments has an unrelenting focus on
client-centric innovation and offers a range of managed and
quantitative investment products. Purpose Investments is led by
well-known entrepreneur Som Seif and is a division of Purpose
Financial, an independent technology-driven financial services
company.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Auspice Capital Advisors Ltd.
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
SOURCE Auspice Capital Advisors Ltd.