Questrade unveils new ETFs

Toronto-based Questrade Wealth Management Inc. is launching a family of six exchange-traded funds (ETFs) in March, the first time the company has created its own ETFs. All of the new ETFs will invest in U.S. securities and be hedged to the Canadian dollar. Two funds will focus specifically on mid-cap companies; the remaining four each will follow a specific sector, such as technology or health care. The six funds include: Questrade Russell U.S. Midcap Value Index ETF Hedged to CAD; Questrade Russell U.S. Midcap Growth Index ETF Hedged to CAD; Questrade Russell 1000 Equal Weight U.S. Technology Index ETF Hedged to CAD; Questrade Russell 1000 Equal Weight U.S. Health Care Index ETF Hedged to CAD; Questrade 1000 Equal Weight U.S. Consumer Discretionary Index ETF Hedged to CAD; and Questrade Russell 1000 Equal Weight U.S. Industrials Index ETF Hedged to CAD. The management fees for the funds are 0.7%-0.75%.

(fcollie@investmentexecutive.com).