According to the press release, SNDS will provide exposure to energy companies positioned to capitalize on the 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,” Derek Gates, CFA, founder of Sustainable Wealth Management, said in the press release. “SNDS is designed to give investors global energy sector exposure with growth prospects and potential for an above average investment yield.”

For more information on new fund products, visit our new ETFs category.

Max Chen contributed to this article.