CI Global Asset Management (CI GAM) is launching new ETFs, including the firm’s first passive funds. 

The CI Beta ETFs are designed to provide cost-effective exposure to broad markets or targeted market segments, CI GAM said in a release.

The four funds — the CI Canadian Equity Index ETF, the CI Global Healthcare Leaders Index ETF, the CI U.S. 1000 Index ETF and the CI U.S. 500 Index ETF — began trading on the NEO Exchange on Tuesday, with management fees ranging from 0.05% to 0.16%. 

The CI Global Alpha Innovation ETF, a new active fund, focuses on companies benefiting from innovations and advancements in technology across sectors, geographies and market capitalization. The actively managed ETF is available in Canadian-dollar and hedged U.S.-dollar series.

The CI Alternative Diversified Opportunities Fund, sub-advised by Marret Asset Management Inc., was launched as a hedge fund in 2018 called the Marret Diversified Opportunities Fun. The global fixed income fund was renamed on Aug. 6 and is now available as a liquid alternative mutual fund and ETF.

The two actively managed ETFs began trading on the Toronto Stock Exchange on Tuesday.

“We continue to expand our industry-leading active ETF lineup through additional mandates featuring CI GAM’s proven investment capabilities in alternative strategies and technology investing,” said Roy Ratnavel, executive vice-president and head of distribution with CI GAM, in a statement.

CI GAM manages $14.2 billion in ETF assets under management, the release said.