Ninepoint shrugs off political rhetoric to launch ETF focusing on energy interdependence of US and Canada

The new ETF will invest in up to 50 stocks traded in the US, Canada and, eventually, Mexico, with the precise balance being determined by the opportunity set. About two-thirds of the oil and gas producers in which it will invest will be based in the US, Wilson calculates, while Canadian pipeline companies and mining enterprises that produce uranium, copper and other metals needed to electrify the North American economy will make up a majority of those asset classes.

Ninepoint has several other Canadian-traded ETFs, offering straightforward equity portfolios and options-based products. Its other funds include private credit offerings, which in recent years have grappled with funding crunches that required Ninepoint to suspend redemptions. Wilson said Ninepoint replaced cash distributions with additional units to support liquidity and value for investors and that to date, those funds have paid out about $225 million in redemptions.