CRED vs. NSCE ETF Comparison
Comparison of CI Lawrence Park Alternative Investment Grade Credit ETF (CRED) to Nbi Sustainable Canadian Equity ETF (NSCE)
CRED
CI Lawrence Park Alternative Investment Grade Credit ETF
CRED Description
CRED seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. CRED will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. CRED will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. CRED’s leverage must not exceed 300% of its NAV. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. Any change to the investment objective must be approved by a majority of votes cast at a meeting of Unitholders held for that reason.
Grade (RS Rating)
Last Trade
$20.11
Average Daily Volume
5,982
1
NSCE
Nbi Sustainable Canadian Equity ETF
NSCE Description
The NBI Sustainable Canadian Equity ETF’s investment objective is to provide long-term capital growth while following asustainable approach to investing. It invests, directly or through investments in securities of other mutual funds, in a portfoliocomprised primarily of equity securities of Canadian companies.Grade (RS Rating)
Last Trade
$43.70
Average Daily Volume
954
8
Performance
| Period | CRED | NSCE |
|---|---|---|
| 30 Days | 0.37% | 1.96% |
| 60 Days | 1.21% | 4.90% |
| 90 Days | 2.50% | 6.33% |
| 12 Months | 7.57% | 29.58% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CRED | Weight in NSCE | Overlap |
|---|
CRED Overweight 1 Positions Relative to NSCE
| Symbol | Grade | Weight | |
|---|---|---|---|
| XCB | A | 7.55% |
CRED: Top Represented Industries & Keywords
NSCE: Top Represented Industries & Keywords
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