A new ETF from Toronto-based Horizons ETFs Management (Canada) Inc. is designed for investors seeking exposure to developed markets outside North America. Horizons Intl Developed Markets Equity Index ETF aims to replicate the Horizons EAFE futures roll index (total return). That index is designed to reflect the returns generated over time by notional investments that […]
Toronto-based BMO Asset Management Inc. has added five ETFs to its product shelf. BMO Shiller Select U.S. Index ETF is the first ETF in Canada to offer investors access to the cyclically adjusted price/earnings (CAPE) methodology designed by Robert Shiller, professor of economics at Yale University. The underlying index tracks “seasoned companies” that also show […]
Toronto-based IA Clarington Investment Inc. has launched three mutual funds aimed at income-seeking investors. IA Clarington Emerging Markets Bond Fund is meant to provide income and potential capital appreciation through investments in three main emerging-markets asset classes: hard-currency sovereign bonds, local-currency sovereign bonds and corporate bonds. IA Clarington Global Bond Fund has the same objective, […]
Toronto-based RBC Global Asset Management Inc. has added seven ETFs to its product lineup. Montreal-based State Street Global Advisors Ltd. will act as subadvisor for all seven funds. Each of these ETFs is designed to follow an FTSE Russell index. The new funds are: RBC Canadian Short Term Bond Index ETF; RBC Canadian Bond Index […]
Toronto-based TD Asset Management Inc. (TDAM) has added two mutual funds to its product lineup. TD U.S. Dividend Growth Fund seeks to provide income and capital growth to unitholders through investments in dividend-paying U.S. companies with a competitive advantage. This fund is managed by David Sykes, managing director and head of the fundamental equities team […]
Toronto-based Invesco Canada Ltd. has launched two income-focused ETFs: PowerShares 1- to 10-Year Laddered Investment Grade Corporate Bond Index ETF; and PowerShares REIT Income Index ETF. The corporate bond ETF manages risk by spreading out bond maturities. Furthermore, this ETF’s short-term bond holdings reduce interest rate sensitivity and its medium-term holdings provide higher yield. This […]
Toronto-based WisdomTree Asset Management Canada Inc. has launched three ETFs. WisdomTree Canada Quality Dividend Growth Index ETF offers investors exposure to Canadian dividend-paying companies. This ETF tracks the price and yield performance of the WisdomTree Canada quality dividend growth index. Similarly, WisdomTree U.S. MidCap Dividend Index ETF provides investors with exposure to mid-cap U.S. companies […]
Toronto-based Evolve Funds Group Inc. has launched two niche ETFs focused on gender diversity and cybersecurity. Evolve North American Gender Diversity Index ETF is designed to provide investors with access to North American companies with a demonstrated commitment to gender diversity as part of their corporate social responsibility strategy. This ETF tracks the performance of […]
Toronto-based Fidelity Investments Canada ULC has shuffled its portfolio-management team. The changes follow the departure of two portfolio managers: Adam Kramer replaces Joanna Bewick and joins Ford O’Neil as portfolio co-manager of Fidelity Strategic Income Fund. Kramer joined Fidelity in 2000 as a research analyst and assumed portfolio-management responsibilities in 2008. As well, as a […]
Toronto-based Invesco Canada Ltd. has merged two of its funds. Invesco Emerging Markets Debt Fund has been merged with Invesco Global Bond Fund. The latter, the remaining fund, is meant for unitholders with a low risk tolerance and who seek income and capital appreciation from global fixed-income securities. To reach this goal, the fund invests […]