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Canada Launches sponsored by STOXX

Canadian ETF launches for June 2024

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A summary of the Canadian ETF launches that occurred in June 2024.

Hamilton ETFs launched the Hamilton REITs YIELD MAXIMIZER ETF (Ticker: RMAX), which seeks to deliver attractive monthly income while providing exposure to an equal-weight portfolio of real estate investment trusts listed principally in Canada and the US. To supplement distribution income earned on its holdings, mitigate risk, and reduce volatility, RMAX will employ an actively managed covered call overlay.

CI Global Asset Management launched the U.S. Dollar Series of CI US Quality Dividend Growth Index ETF (Ticker: DGR.U), which seeks to track the price and yield performance of the WisdomTree U.S. Quality Dividend Growth Index USD.

Harvest Portfolios launched the Unhedged version of the Harvest Premium Yield Treasury ETF (Ticker: HPYT), which will seek to provide high monthly cash distributions to unitholders by investing, on a non-levered basis, in a portfolio of exchange-traded funds selected by the manager, that provide exposure primarily to longer-dated U.S. treasury bonds and are listed on a regulated stock exchange in North America. Harvest Premium Yield Treasury ETF will generally write covered call options on up to 100 per cent of the portfolio securities. The covered call option writing level may vary based on market volatility and other factors.

Manulife Investment Management launched two ETFs:

Manulife Smart Enhanced Yield ETF (Ticker: CYLD) aims to provide a steady flow of income and long-term capital appreciation by investing primarily in a diversified portfolio of Canadian dividend-paying securities. CYLD will employ a Manulife Investment Management proprietary quality dividend screen to select securities that have high and sustainable dividends, or dividends that are expected to grow over time, to pursue higher risk-adjusted returns. Additionally, CYLD’s portfolio will include at times writing covered-call options or cash-covered put options on a percentage of its holdings to generate additional income streams for the ETF’s shareholders. CYLD will distribute income monthly.

Manulife Smart US Enhanced Yield ETF (Ticker: UYLD/ UYLD.B/ UYLD.U) employs a similar investment strategy to CYLD but will focus on U.S. dividend-paying securities and distribute income monthly. UYLD will seek to hedge substantially all of the foreign currency exposure through derivatives and offers an unhedged solution (UYLD.B).

Mackenzie Investments launched three ETFs:

Mackenzie Canadian Low Volatility ETF (Ticker: MCLV) seeks to provide long-term capital growth by investing primarily in equity securities of large and mid-capitalisation companies in the Canadian market, while seeking to provide lower volatility.

Mackenzie Global Low Volatility ETF (Ticker: MGDV) seeks to provide long-term capital growth and current income by investing primarily in equity securities of companies anywhere in the world that pay, or may be expected to pay, dividends. Mackenzie Global Dividend ETF may also invest in other types of securities that distribute, or may be expected to distribute, income.

Mackenzie US Low Volatility ETF (Ticker: MULV) seeks to provide long-term capital growth by investing primarily in equity securities of large and mid-capitalisation companies in the US market, while seeking to provide lower volatility.

Franklin Templeton launched four ETFs:

Franklin Conservative Income ETF Portfolio (Ticker: CNV) provides investors with a diversified portfolio designed to provide high current income with some long-term capital appreciation by investing primarily in ETFs that invest in Canadian, US, and international debt instruments and equity securities.

Franklin Core ETF Portfolio (Ticker: CBL) provides investors with a diversified portfolio designed to provide a balance between long-term capital appreciation and income with an emphasis on long-term capital appreciation by investing primarily in ETFs that invest in Canadian, US, and international debt instruments and equity securities.

Franklin Growth ETF Portfolio (Ticker: GRO) provides investors with a diversified portfolio designed to provide long-term capital appreciation with additional stability derived from income by investing primarily in a diversified mix of ETFs that invest in Canadian, U.S., and international debt instruments and equity securities.

Franklin All-Equity ETF Portfolio (Ticker: EQY) provides investors with a diversified portfolio designed to provide long-term capital appreciation by investing primarily in ETFs that invest in Canadian, US, and international equity securities.

This article is sponsored by STOXX.

To view this week’s global ETF launches, click here.

To view this week’s US ETF launches, click here.

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