Dynamic Funds and BlackRock Asset Management Canada have launched three actively managed ETFs, representing tactical fixed income, U.S. mid-cap equity and global financial services exposures.
Read: How an ETF is born
Dynamic iShares Active Tactical Bond ETF seeks to provide interest income and long-term capital growth by investing in a diversified portfolio of primarily North American fixed income securities.
Dynamic iShares Active U.S. Mid-Cap ETF seeks to provide long-term capital growth by investing primarily in equity securities of U.S.- based companies with mid-capitalization.
Dynamic iShares Active Global Financial Services ETF seeks to provide long-term capital growth by investing primarily in equity securities of companies globally (with a U.S. focus) that are involved in financial services or financial technology.
In addition, effective today, the annual management fees on the Dynamic iShares Active ETFs noted below will be reduced as follows:
Fund | Ticker | Management fee (effective September 27, 2017) |
Previous management fee |
Dynamic iShares Active Global Dividend ETF |
DXG | 0.75% | 0.85% |
Dynamic iShares Active U.S. Dividend ETF |
DXU | 0.75% | 0.80% |
Dynamic iShares Active Crossover Bond ETF |
DXO | 0.50% | 0.58% |
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