As interest rates take a dip, asset managers are increasingly leaning into the fixed-income space.<\/p>\n
On Thursday, RBC iShares launched the actively managed iShares Flexible Monthly Income ETF (TSX: XFLI, XFLI.U), with a Canadian dollar\u2013hedged version (TSX: XFLX) slated to launch on Oct. 1.<\/p>\n
The fund invests in the BlackRock Flexible Income ETF (NYSE: BINC), which is managed by Rick Rieder, chief investment officer of global fixed income with BlackRock Inc. The management fee is 0.55%.<\/p>\n
The ETF seeks to deliver income mostly by “allocating to hard-to-reach global fixed-income sectors, such as high yield, emerging markets debt and securitized assets,\u201d a release said.<\/p>\n
Also on Thursday, Evolve ETFs launched the Evolve Canadian Aggregate Bond Enhanced Yield Fund (TSX: AGG), which has a management fee of 0.45%. The actively managed fund invests mostly in fixed-income ETFs or securities primarily issued in Canada, and also uses a covered-call option.<\/p>\n
Also this week, IG Wealth Management launched the IG Manulife Strategic Income Fund, which is within the firm\u2019s new multi-sector fixed-income mandate. The fund aims to \u201cmitigate risk and diversify sources of alpha,\u201d a release said. The management fee is 0.65%.<\/p>\n
Fidelity Investments Canada ULC launched its Fidelity Equity Premium Yield ETF (Cboe: FEPY, FEPY.U), with a 0.40% management fee, on Thursday. The ETF offers exposure to an equity and options-based investment strategy.<\/p>\n
Sun Life launched \u201cSun Life MyRetirement Income,\u201d a target date fund that allows clients to change their maturity age and decide how often they receive payments. Money can be withdrawn or added without fees or penalties, a release said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Also, a selection of the latest fund news<\/p>\n","protected":false},"author":186339,"featured_media":491357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2315,2312],"tags":[2469,87171,2801,2368],"yst_prominent_words":[2144,22581,20515,19267,13648,13097,12176,11851,11580,10094,7838,7726,6428,6377,6260,5973,5446,4110,4028,1696],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493497"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/186339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=493497"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493497\/revisions"}],"predecessor-version":[{"id":493513,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493497\/revisions\/493513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/491357"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=493497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=493497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=493497"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=493497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}