Aimed at investors who want an easy way to own a globally diversified stock portfolio in a single fund, U.S. One has launched ‘One Fund’, its inaugural ETF. The fund, which began trading today on the NYSE (ONEF), consolidates multiple, growth-oriented stock investments into the portfolio. By investing in ‘One Fund’, U.S. One says investors […]
With news that Canadians have invested over $1 billion in PowerShares ETFs and PowerShares funds, Invesco Trimark has announced changes to the distribution policy for select PowerShares funds. Starting on May 14th, distributions paid on select PowerShares funds may include a return of capital component. According to Invesco Trimark, investors will benefit by receiving a […]
Controversy over the proposed Point of Sale compliance obligations on mutual funds has supporters and critics at odds. But one thing is clear, based on three Advisor.ca polls, the majority of readers are not siding with the regulators. In an Advisor.ca poll published on April 16, a decisive 85% of respondents agreed the proposed rules […]
Claymore Investments is making common class units of their Canadian Financial Monthly Income ETF (TSX:FIE) available for trading on the TSX. The Canadian Financial Monthly Income ETF invests in equity and debt related securities involved in the Canadian financial sector. The diversified portfolio consists mostly of securities including: common shares, preferred shares, corporate bonds and […]
Canada’s BetaPro has launched the world’s first commodity spread exchange traded funds. The Horizons BetaPro NYMEX Long Natural Gas/Short Crude Oil Spread ETF (HNO:TSX) and Horizons BetaPro NYMEX Long Crude Oil/Short Natural Gas Spread ETF (HON:TSX ) will begin trading on the Toronto Stock Exchange on April 14th.
The Financial Consumer Agency of Canada knows how much everyone hates financial service fees. Credit cards and debit card charges in particular can put a sizeable dent in anyone’s wallet or bank account. To help consumers make informed decisions, the FCAC offers the following tips you can use to keep financial service fees in check […]
BMO Financial Group has licensed indexes for three of its ETFs. China Equity Hedged to CAD ETF (ZCH) and the BMO India Equity Hedged to CAD ETF (ZID) will be licensing indices from The Bank of New York Mellon. ZCH will be benchmarked to the BNY Mellon China Select ADR Index CAD. ZID will be […]
IndexIQ is putting the spotlight on both Canada and Australia. The company has launched single-country small cap Exchange-Traded Funds (ETFs) focusing on the domestic markets in both Canada and Australia. The New York -based developer of index-based investment products is aiming to make the IQ Canada Small Cap ETF (NYSE Arca: CNDA) and the IQ […]
Illinois-based Claymore Securities has plans to introduce 10 new ETFs to the marketplace. Using indexes from Wilshire Associates, the products follow the launch of three broad-based funds by the two firms in March and follow in line with the company’s overall strategy to diversify their product line. On March 19th, Claymore filed plans for nine […]
Jeffrey McCarthy is bringing his experience in ETFs from Brown Brothers Harriman to Citigroup. McCarthy will serve as Citi’s Global ETF Product Head in its Securities and Fund Services business and will oversee product innovation, market development and provide end-to-end servicing solutions. At Brown Brothers Harriman, McCarthy was the Global ETF Product Manager. Citigroup is […]