A summary of the Canadian ETF launches that occurred in September 2023.
Hamilton ETFs launched the Hamilton U.S. Bond Yield Maximiser ETF (Ticker: HBND). The ETF seeks to deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on its holdings, mitigate risk and reduce volatility, HBND will employ an actively managed covered call overlay.
RBC iShares has launched five ETFs focused on structural trends. The objective of each solution is as follows:
iShares S&P/TSX Energy Transition Materials Index ETF (Ticker: XETM) invests in North American listed securities deemed to be beneficiaries of the increased investment in critical minerals required for the energy transition, such as cobalt, copper, lithium, nickel and uranium.
iShares Semiconductor Index ETF (Ticker: XCHP) offers exposure to US-listed companies that design, manufacture and distribute semiconductors, a crucial component for many of the innovative technologies that are driving the global economy.
iShares U.S. Aerospace & Defence Index ETF (Ticker: XAD) provides access to U.S. aerospace and defense companies that manufacture commercial and military aircrafts and other defense equipment.
iShares S&P U.S. Financials Index ETF (Ticker: XUSF) focuses on providing exposure to the US large-cap financial sector, which covers banks, insurers, and credit card companies.
iShares NASDAQ 100 Index ETFs (Tickers: XQQU and XQQU.U) invests in 100 of the largest non-financial companies listed on The NASDAQ Stock Market based on market capitalisation. The new launches are to expand on the existing currency hedged iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ), which has been available since 2011.