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Dynamic Funds and BlackRock launch new ETF for rising interest rate environment


Dynamic Funds and BlackRock Asset Management Canada Limited have launched the Dynamic iShares Active Investment Grade Floating Rate ETF (DXV) on the Toronto Stock Exchange.

DXV aims to provide a floating rate of interest income while preserving capital by investing primarily in Canadian investment grade corporate bonds and through using interest rate derivatives that seek to mitigate the effects of interest rate fluctuations. The ETF will provide exposure to an active investment strategy managed by Marc-André Gaudreau. 
“Investors looking to diversify their fixed income holdings in a climate of rising Canadian interest rates will find DXV a compelling and relevant solution,” says Mark Brisley, Managing Director, Dynamic Funds.  “Portfolio Manager Marc-André Gaudreau has a long history of using this investment approach so we are excited to offer this mandate in the ETF format.”
“We’re seeing significant uptake in actively managed ETFs, particularly for fixed income,” says Pat Chiefalo, Head of iShares Canada at BlackRock. “We’re excited to expand our successful partnership with Dynamic Funds to launch an innovative and timely solution for Canadian investors.” 

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