Toronto-based Horizons ETFs Management (Canada) Inc. has launched an exchange-traded fund (ETF) for investors looking for exposure to the Canadian dollar (C$). Horizons Canadian Dollar Currency ETF provides unitholders with long exposure to the C$ relative to the U.S. dollar (US$). For example, when the C$ appreciates relative to the US$ in terms of the […]
Three new funds offered by Toronto-based RBC Global Asset Management Inc. seek to offer unitholders long-term capital growth while minimizing exposure to currency fluctuations through the use of derivatives. RBC U.S. Dividend Currency Neutral Fund invests primarily in common and preferred shares of U.S.-based companies with higher than average dividend yields. RBC QUBE Low Volatility […]
Lévis, Que.-based Desjardins Group has launched three mutual funds focused on socially responsible investing (SRI). Two of these funds, Desjardins SocieTerra Environmental Bond Fund and Desjardins SocieTerra Cleantech Fund, are both the first of their kind in Canada, according to Desjardins. For example, the former fund invests in environment bonds issued by governments and corporations […]
Toronto-based Invesco Canada Ltd. recently launched two income-focused mutual funds. Invesco Global Bond Fund is an actively managed, global fixed-income strategy focused on delivering income and growth. The Invesco fund invests primarily in investment-grade debt securities of governments, corporations and other global issuers. At least 75% of the portfolio is allocated to investment-grade bonds, and […]
Franklin Templeton Investments Corp. of Toronto has announced the merging of two of its funds into other funds. Franklin Bissett Canadian Higher Dividend Fund will be discontinued and merged into Franklin Bissett Canadian Dividend Fund. As well, Franklin Bissett Canadian High Dividend Corporate Class Fund will terminate and merge into Franklin Bissett Canadian Dividend Corporate […]
Toronto-based Vanguard Investments Canada Inc. has launched its first series of actively managed ETFs. This suite of funds consists of Vanguard Global Liquidity Factor ETF, Vanguard Global Minimum Volatility ETF, Vanguard Global Momentum Factor ETF and Vanguard Global Value Factor ETF. Vanguard Global Liquidity Factor ETF is meant to provide investors with long-term capital appreciation […]
Toronto-based TD Asset Management Inc. (TDAM) entered the ETF space at the end of March. TDAM launched six passive ETFs to follow fixed-income securities and equities, with exposure to Canadian, U.S. and international markets. The new ETFs are: TD Canadian Aggregate Bond Index ETF, TD International Equity Index ETF, TD International Equity CAD Hedged Index […]
Toronto-based Horizons ETFs Management (Canada) Inc. has launched a new dividend-focused, exchange-traded fund (ETF). Horizons Cdn. High Dividend Index ETF follows the Solactive Canadian high dividend yield index (total return), net of expenses. The index tracks 40 of the largest dividend-yielding companies on the Toronto Stock Exchange with a minimum market capitalization of $4 billion. […]
Montreal-based National Bank Investments Inc. (NBI) has launched its first “smart beta” funds – NBI SmartBeta Canadian Equity Fund and NBI SmartBeta Global Equity Fund. These funds are subadvised by New York-based Rothschild Asset Management Inc. The funds utilize both active and passive investing with a strategy called “equal-risk contribution,” which is meant to reduce […]