Fund companies announce new ETF launches

A slew of new ETF launches was announced on Wednesday.

Dynamic Funds has two new actively managed ETFs: the Dynamic Active International ETF, which invests in companies outside the U.S. and Canada, and the Dynamic Active Retirement Income+ ETF, which seeks a lower correlation to stock and bond indexes by investing in dividend- and distribution-paying securities.

The international ETF is managed by David Fingold, vice-president and senior portfolio manager, and Peter Rozenberg, vice-president and portfolio manager, with Dynamic Funds. The retirement ETF, which uses alternative strategies such as modest leverage, is managed by Oscar Belaiche, senior vice-president and portfolio manager with Dynamic Funds.

Guardian Capital also has two new ETFs: the Guardian Canadian Bond ETF, which seeks to provide interest income by investing primarily in Canadian bonds, debentures and notes; and the Guardian Canadian Sector Controlled Equity Fund, which aims for long-term capital growth and current dividend income by investing in Canadian equities with minimal exposure to resource-dependent sectors.

CIBC Asset Management Inc. has launched four passive ETFs that aim to replicate the performance of Morningstar indexes: the CIBC Canadian Bond Index ETF (which tracks the Morningstar Canada Core Bond Index), the CIBC Canadian Equity Index ETF (which tracks the Morningstar Canada Domestic Index), the CIBC U.S. Equity Index ETF (which tracks the Morningstar U.S. Target Market Exposure Index) and the CIBC International Equity Index ETF (which tracks the Morningstar Developed Markets ex-North America Target Market Exposure Index).

In a release, CIBC said it plans to launch two other Morningstar index–tracking ETFs — the CIBC Global Bond ex-Canada Index ETF (CAD-Hedged) and the CIBC Emerging Markets Equity Index ETF — in the second quarter.

Staff

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