Manulife has launched two new Manulife Exchange Traded Funds (ETFs) on the Toronto Stock Exchange.
The multifactor ETFs, which are sub-advised by Dimensional Fund Advisors Canada ULC, are the Manulife Multifactor Canadian SMID Cap Index ETF (MCSM) and the Manulife Multifactor US Small Cap Index ETF (MUSC).
“Manulife Investments is focused on creating a holistic suite of value-added investment products for Canadians,” says Bernard Letendre, President, Manulife Investments. “These two new offerings to our ETF platform, managed by Dimensional Fund Advisors, helps move us closer to that goal.”
The indices that the ETFs are designed to track were developed by Dimensional, a pioneer of multifactor investing, using their time-tested multifactor approach and taking into account efficient implementation of those strategies into indices, using Dimensional’s proprietary Index Memory technique.