Toronto-based Questrade Wealth Management Inc. (QWM) announced on Friday that it has added two actively managed exchange-traded funds (ETF) to its smart ETF product family, bringing its total lineup to eight ETFs.
Questrade Global Total Equity ETF (QGE) and Questrade Fixed Income Core Plus ETF (QCP) began trading on the Toronto Stock Exchange on Friday.
“Actively managed ETFs give investors the best of both worlds: strategic investment leadership and low fees,” says Edward Kholodenko, president and CEO of Questrade Financial Group Inc., QWM’s parent firm, in a statement.
The management of QGE combines the analysis of global economic trends and a strategy that determines the equities that are best suited to capitalize on those trends. Westlake Village, Calif.-based One Capital Management LLC will be the subadvisor for this ETF.
QCP involves an investment strategy that seeks higher yields in a low interest-rate environment. Montreal-based Jarislowsky Fraser Ltd. will be the subadvisor for this ETF.
“This marks a seismic shift in the ETF landscape in Canada,” says John Youn, executive managing director, ETFs & global structured products at Questrade, in a statement. “There are areas of the fixed-income market space previously inaccessible to retail investors and only available to institutional money managers, like Jarislowsky Fraser. Combining our expertise in the retail space with Jarislowsky Fraser’s investment management leadership, we created an ETF that finally opens the doors for investors and advisors to a broad selection of fixed income securities and opportunities.”