Fund news: Debuts from iA Clarington, Evolve, Horizons, Dynamic, and U.S. Global
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By Fund Library News Wire  | Friday, October 06, 2017


 

By Mike Keerma

* iA Clarington launches three new bond funds.
* Evolve launches auto and dividend ETFs.
* Horizons launches EAFE ETF.
* Dynamic teams with iShares on three new ETFs.
* U.S. Global Investors debuts gold-focused ETF.

* IA Clarington launches three new bond funds. iA Clarington Investments Inc. debuted three mutual funds with a roster of blue-chip managers and subadvisors, including Forstrong Global Asset Management and U.S.-based Pinebridge Investments with US$85 billion assets under management.

iA Clarington Emerging Markets Bond Fund is managed by PineBridge Investments, and invests in the three main emerging market asset classes: hard currency sovereign bonds; local currency sovereign bonds; and corporate bonds. It aims to provide higher yields and reduced interest rate risk compared with traditional fixed income assets.

iA Clarington Global Bond Fund is also managed by PineBridge and invests in up to 16 fixed-income asset classes using an unconstrained, global approach that seeks the potential for higher yields and reduced interest rate risk compared with traditional fixed income.

iA Clarington Global Yield Opportunities Fund is managed by Clément Gignac, Chief Economist, iA Financial Group and Tyler Mordy, President and Chief Investment Officer of iA Clarington sub-advisor Forstrong Global Asset Management. The fund targets consistent monthly income and capital growth by investing primarily in iA Clarington mutual funds, with broad diversification by geographic region and across a range of income-oriented asset classes

* Evolve launches auto and dividend ETFs. Evolve Funds Group Inc. debuted two ETFs that began trading on the TSX this week:

Evolve Automobile Innovation Index ETF (TSX: CARS) tracks the Solactive Future Cars Index Canadian Dollar Hedged, and invests primarily in companies directly or indirectly involved in developing electric drivetrains, autonomous driving, or network-connected services for automobiles.

Evolve Active Canadian Preferred Share ETF (TSX: DIVS) aims for stable income and long-term capital appreciation by investing mainly in Canadian preferred shares, in addition to U.S. and international preferreds. Sub-advisor is Canadian-based Foyston, Gordon & Payne Inc., which uses a multi-strategy approach, including security selection, sector allocation, and interest rate anticipation.

* Horizons launches EAFE ETF. Horizons ETFs Management (Canada) Inc. announced the launch of Horizons Intl Developed Markets Equity Index ETF (TSX: HXDM), which tracks the Horizons EAFE Futures Roll Index (Total Return). According to a Horizons release, “the Index reflects the returns generated over time of notional investments that represent a long position in a series of futures contracts on the MSCI EAFE Index.”

According to Horizons, the ETF uses Horizons’ total return index structure to replicate the returns of the Index. No distributions are expected to be paid by HXDM, with the value of any dividend or interest income reflected in the performance of the ETF. The aim is to produce greater tax efficiency in non-registered accounts, while reducing tracking error because there are no physical replication trading costs.

* Dynamic teams with iShares on three new ETFs. Dynamic Funds and BlackRock Asset Management Canada teamed up to launch three new actively managed ETFs:

Dynamic iShares Active Tactical Bond ETF (TSX: DXB) invests in a diversified portfolio of primarily North American fixed-income securities. The ETF uses an active investment strategy managed by Christine Horoyski.

Dynamic iShares Active U.S. Mid-Cap ETF (TSX: DXZ) holds U.S. mid-cap stocks. Active investment strategy is managed by Tom Dicker and Steven Hall.

Dynamic iShares Active Global Financial Services ETF (TSX: DXF) global stocks, with a focus in the U.S., that are involved in the financial services and/or financial technology sectors. Active investment strategy is managed by Yassen Dimitrov.

* U.S. Global Investors debuts gold-focused ETF. U.S. Global Investors, Inc. based in San Antonio, Texas, and Toronto-based Galileo Global Equity Advisors, Inc. launched their U.S. Global GO GOLD and Precious Metal Miners ETF CAD (TSX: GOGO). According to a company release, the fund tracks the U.S. Global Go Gold and Precious Metal Miners Index, which uses a smart factor, rules-based model to capture the performance of precious metals mining or royalty companies. The expense ratio for the ETF is 0.60%.

Check Fund Library’s Market Activity page regularly for active updates on key market indexes and commodities.

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Disclaimer

© 2017 by Fund Library. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited.

The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

   
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