Dynamic Funds and BlackRock Asset Management Canada Ltd., both based in Toronto, announced that their new suite of five actively managed ETFs, which combines Dynamic’s style of active portfolio management with BlackRock’s ETF execution and operational expertise, is now trading on the Toronto Stock Exchange.
“Dynamic iShares Active ETFs offer investors a variety of active solutions that can help them differentiate their portfolios by uncovering opportunities beyond a benchmark. Each ETF takes our portfolio manager’s investment philosophy and tailors it specifically for the ETF structure,” says Jordy Chilcott, president and CEO of Dynamic Funds, in a statement.
“We continually look to innovate and deliver a robust range of investment solutions that meet the needs of Canadians,” adds Warren Collier, head of iShares, BlackRock Canada, in a statement. “After a year of exceptional growth for the Canadian ETF industry, this suite of Dynamic iShares ETFs is one step further in providing greater choice to investors.”
The suite of Dynamic iShares Active ETFs includes:
> Dynamic iShares Active Preferred Shares ETF, which seeks to provide dividend income while preserving capital by investing primarily in preferred shares of Canadian businesses. The ETF will provide exposure to an active investment strategy managed by Marc-André Gaudreau and his corporate credit team.
> Dynamic iShares Active Crossover Bond ETF, which seeks to provide interest income and the potential for some long-term capital growth by investing primarily in North American fixed-income corporate securities that are rated close to the line dividing investment-grade and high-yield credit. The ETF will provide exposure to an active investment strategy managed by Gaudreau and his corporate credit team.
> Dynamic iShares Active Global Dividend ETF, which aims to provide long-term capital growth by investing primarily in a diversified portfolio of equities of businesses located around the world that pay, or are expected to pay, a dividend or distribution. The ETF will provide exposure to an active investment strategy managed by David Fingold and Peter Rozenberg.
> Dynamic iShares Active U.S. Dividend ETF, which aims to provide long-term capital growth by investing primarily in a diversified portfolio of equities of U.S. businesses that pay, or are expected to pay, a dividend or distribution. The ETF will provide exposure to an active investment strategy managed by Fingold and Rozenberg.
> Dynamic iShares Active Canadian Dividend ETF, which seeks to provide long-term capital growth by investing primarily in a diversified portfolio of equities of Canadian businesses that pay, or are expected to pay, a dividend or distribution. The ETF provide exposure to an active investment strategy managed by Don Simpson and Eric Mencke.
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