Canadian fixed income ETFs experienced 8% growth in assets under management (AUM) in the second quarter of 2011, including $633 million in net new assets, according to information compiled by the iShares ETF business at BlackRock Asset Management Canada. Conversely, Canadian equity ETFs experienced an 8% contraction in AUM and $691 million in net outflows. […]
Horizons Exchange Traded Funds and BetaPro Management have announced the launch of two new ETFs offering investors non-leveraged, inverse exposure to the gold and silver markets. The Horizons BetaPro COMEX Gold Inverse ETF seeks daily investment results corresponding to 100% the inverse of the daily performance of the COMEX gold futures contract for a subsequent […]
Things are about to get very interesting in the Canadian exchange traded funds industry. RBC Global Asset Management has filed preliminary long form prospectuses with the OSC to launch its inaugural offerings in the ETF space. The bank-owned asset manager’s entrance to the market will consist of eight corporate bond ETFs. The funds start with […]
Jovian Capital has confirmed that it is in talks that may lead to the sale of its ETF business. The company was asked by Market Surveillance to comment on reports in the Korean media. “Jovian confirms that it has had discussions with several parties over the past several months, including ongoing discussions with Mirae Asset […]
Invesco announced today the launch of the PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF, the first fixed-income ETF in Canada to use the Research Affiliates Fundamental Index (RAFI) methodology. This new ETF has now closed the initial offering of its units and will be available for trading on the TSX today. With […]
Horizons Exchange Traded Funds has filed a final prospectus for the Horizons Enhanced U.S. Equity Income Fund, a closed end fund which will be managed by AlphaPro Management Inc. The fund aims to provide investors with capital appreciation and monthly distributions, based on the performance of an equal weighted portfolio of the 50 largest and […]
Invesco has listed two PowerShares ETFs on TSX today, the company’s first-ever ETF launch on a Canadian exchange. “The arrival of PowerShares ETFs on TSX establishes an exciting new footprint in the Canadian marketplace, expanding the range of next-generation ETF solutions available to investors in Canada,” said Ben Fulton, Invesco PowerShares managing director of global […]
Claymore Investments has announced the launch of the Claymore Advantaged Convertible Bond ETF, available in as either common and advisor units. The ETF is designed to provide investors with exposure to the performance of the DEX Convertible Bond Index, consisting of both tax efficient monthly distributions and opportunity for capital appreciation. “Convertibles are hybrid securities […]
XTF Capital Corp. has launched the Canadian Convertible Liquid Universe ETF, Canada’s first Convertible Bond ETF. It will begin trading on the TSX on June 7. “The Convertible Bond XTF is unique to Canada,” said Barry Gordon, president and CEO of XTF Capital Corp. and its parent company, First Asset. “Our deep experience with convertible […]