Middlefield introduces actively managed ETFs

Two former closed-end funds converted to ETFs

By: Staff
February 19, 2019 February 19, 2019
10:45

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Calgary-based Middlefield Group has launched a pair of actively managed ETFs by converting two of its closed-end mutual funds, the investment manager announced Tuesday.

Middlefield Healthcare & Life Sciences Dividend Fund and REIT INDEXPLUS Income Fund began trading on the Toronto Stock Exchange on Tuesday as Middlefield Healthcare & Life Sciences ETF (TSX: LS) and REIT INDEXPLUS ETF (TSX: IDR), respectively.

The conversions to ETFs were not taxable events for unitholders.

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