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Accelerate unveils alternative ETF to boost diversification

News Team, 26/11/2020

Accelerate Financial Technologies (Accelerate) has launched Canada’s first alternative investment portfolio exchange-traded fund (ETF).

The Accelerate OneChoice Alternative Portfolio ETF is set to be listed on the Toronto Stock Exchange, which has conditionally approved the listing the units of the OneChoice ETF. It will be managed by Julian Klymochko, founder and chief executive officer of Accelerate has over a decade of experience managing alternative strategies.

The asset manager believes the new fund will provide investors with exposure in multiple asset classes and strategies while reducing risk and improving risk-adjusted returns through diversification.

The ETF provides exposure to multiple asset classes and strategies. This includes absolute return – arbitrage and long-short equity, private credit – mortgages and leveraged loans, real assets – infrastructure and real estate, alternative currencies – gold and bitcoin, global macro – risk parity, and alternative equity – alpha and beta.

Commenting on the prospective benefits of the unveiled ETF, Mr Klymochko said: “In 2020, we have seen bond yields hit all-time lows and equity volatility hit an all-time high. With this backdrop, many investors are searching for uncorrelated returns outside of the traditional portfolio of stocks and bonds.”

He added: “We’re continuing our mission of democratizing alternative investments by offering a diversified portfolio of alternative investments in an easy to use, liquid and low-fee ETF.”

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