Capital Group Canada has launched two equity and two fixed-income ETFs \u2014 the asset manager’s first active ETFs on the TSX, the firm said in a release on Thursday.<\/p>\n
The four ETFs are as follows:<\/p>\n
“Our ETFs are designed to focus on the major asset allocation categories used by financial professionals when constructing client portfolios,” Rick Headrick<\/span>, president of Capital Group Canada, said in a release.<\/p>\n Los Angeles\u2013based Capital Group manages more than US$2.7 trillion globally, including 21 ETFs in the U.S. with assets under management of more than\u00a0US$42 billion<\/span>, the release said. That amount represents 5% of U.S. market share in active ETFs, captured in a little over two years, it said.<\/p>\n Mackenzie Investments launched the Mackenzie U.S. Small Cap Fund, which is actively managed by the asset manager’s global quantitative equity team. The team has been running a similar strategy for institutional investors since\u00a0February 2020, a release said.<\/span><\/p>\n CI Global Asset Management launched six all-in-one asset allocation mutual funds on the TSX:<\/p>\n The funds are based on CI’s asset allocation ETFs.<\/p>\nOther recent product launches<\/h2>\n
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