A summary of the Canadian ETF launches that occurred in November 2023.
IA Clarington Investments launched three active ETFs:
The IA Clarington Loomis Global Equity Opportunities Fund (Ticker: IGEO), sub-advised by Loomis, Sayles & Company, L.P. (“Loomis Sayles”), seeks to provide long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of companies located anywhere in the world.
The IA Clarington Strategic Corporate Bond Fund (Ticker: ISCB) seeks to provide income and the potential for long-term capital growth by investing primarily in fixed-income securities with an emphasis on corporate and other higher-yielding fixed-income securities.
The IA Wealth Enhanced Bond Pool (Ticker: IWEB) seeks to generate regular income with the potential for modest long-term capital appreciation by primarily investing, either directly or indirectly, in Canadian fixed-income securities.
Mackenzie Investments launched four new ETFs:
The Mackenzie Canadian Ultra Short Bond Index ETF (Ticker: QASH) invests in short-term Canadian corporate and government bonds.
The Mackenzie Canadian Government Long Bond Index ETF (Ticker: QLB) and the Mackenzie US Government Long Bond Index ETF (Ticker: QTLT) provide exposure to longer-term government fixed-income securities.
The Mackenzie All-Equity Allocation ETF (Ticker: MEQT) invests in underlying Mackenzie index equity ETFs, with a target allocation of 30 per cent Canadian equities, 45 per cent to US, 18 per cent to international developed market equities and 7 per cent to emerging markets, with regular rebalancing.
Guardian Capital LP launches two new ETFs:
The Guardian Canadian Focused Equity Fund (Ticker: GCFE) will provide a concentrated exposure in equity-related securities of Canadian companies.
The Guardian International Equity Select Fund (Ticker: GIES) will invest primarily in international dividend-paying securities.
Tralucent Asset Management Inc. launched the Tralucent Global Alt (Long/Short) Equity Fund (Ticker: TGAF). The ETF seeks short and long-term capital growth and to exceed the growth of the MSCI World Index over a five-year period by primarily investing on a long-short basis in exchange traded securities. The ETF may use leverage through the use of cash borrowings, short sales, and derivatives.