New ETF provide exposure to North American Oil Sands Operations

Jun 12 2012

Sustainable Wealth Management, an index provider specializing in the North American energy sector, today launched the Sustainable North American Oil Sands ETF (NYSE: SNDS). The fund is the first pure play ETF with exposure to Canada's massive oil sands reserves.
SNDS invests in domestic and international companies that have North American oil sands operations ranging from production to equipment to pipelines and storage. The diversified portfolio of energy companies positions SNDS to potentially capitalize on the continued growth of the world's largest known oil reserve outside of OPEC.
"The Canadian oil sands represent the majority of proven oil reserves outside of OPEC nations; the sands are the top supplier of crude oil to the U.S. and are rapidly expanding production capacity over the next decade. Companies invested in the development of Canada's oil sands stand to be key beneficiaries of these trends," explains Derek Gates, CFA, founder of Sustainable Wealth Management, the index provider for SNDS. "SNDS is designed to give investors global energy sector exposure with growth prospects and potentially an above average investment yield."
The fund tracks the Sustainable North American Oil Sands Index® developed by Sustainable Wealth Management, Ltd. The index provides equal-weighted exposure to provide less concentrated exposure to the largest companies and more meaningful exposure to companies with growth prospects.
The number of constituents is expected to range between 25 and 40. As of May 31, 2012 the index has a 3.15% dividend yield. The current holdings can be found at www.swmetfs.com.
The index will be rebalanced quarterly and in response to corporate events such as divestitures, mergers or acquisitions.
ISIN: US3015053016