Jovian Capital Corporation and JovFunds Management Inc. have launched the Jov Fiera Tactical Allocation Portfolios, the company announced today.

The new portfolios are sub-advised by Fiera Capital Inc. and according to the company are the first prospectus-based funds of Exchange Traded Funds (ETF) to be offered in Canada.

“Building on the success of the Horizons BetaPro ETFs, and the growing demand for ETFs, we have developed a series of tactical allocation portfolios which provide the benefits of ETFs, within an asset allocation platform managed by one of Canada’s largest independent money managers, Fiera Capital Inc.,” said Adam Felesky, CEO of JovFunds.

The portfolios aim to provide direct or indirect exposure to a combination of global equity, commodity and/or fixed-income markets. These actively managed Portfolios invest primarily in diversified baskets of ETFs to deliver their targeted asset mix, the firm said.

The portfolios are available in three versions: the Jov Fiera Conservative Tactical Portfolio; Jov Fiera Balanced Tactical Portfolio; and the Jov Fiera Growth Tactical Portfolio.