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Guardian Capital LP on March 4 debuted its Guardian i3 Global Dividend Premium Yield Fund and ETF (TSX: GIDY). The invests primarily in global dividend-paying securities and uses a dynamic covered call option writing strategy.
The fund uses Guardian Capital’s Global Dividend Growth strategy, managed by its i³ Investments team, with the addition of a covered-call options overlay, overseen by Guardian Capital’s Directed Outcomes team, which aims to increase the income yield of the portfolio. By adding a conservative covered call strategy to the Global Dividend Growth strategy, the fund aims to generate additional yield that is tax-efficient, as the option premiums are expected to be treated as capital gains, and distributions from the fund will be paid to investors on a monthly basis.
AGF Investments Inc. on Feb. 28 announced the launch of its AGF Enhanced U.S. Income Plus Fund, an alternative mutual fund that in U.S. equity securities and uses dynamic options strategies such as put writing and covered call writing. The fund may also use leverage, primarily through the use of derivatives.
It aims to pay a high fixed monthly target distribution, and seeks to enhance yield while mitigating volatility using a flexible option-writing strategy and the ability to incorporate leverage. The fund also aims for a lower correlation to traditional asset classes through a differentiated strategy.
AGF Investments Inc. on Feb. 28 announced plans to terminate AGF Systematic Global Multi-Sector Bond ETF (Cboe CAN: QGB), AGF Systematic International Equity ETF (TSX: QIE) and AGF Systematic US Equity ETF (TSX: QUS) effective at the close of business on or about April 29, 2025.
The funds are expected to be de-listed from Cboe Canada Inc. and the Toronto Stock Exchange at the close of business on or about April 28, 2025.
Desjardins Investments Inc. on Feb. 27 its new index exchange traded fund, Desjardins Emerging Market Equity Index ETF (TSX: DMEE). The tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index, and invests primarily in large and mid-cap securities of emerging markets companies.
Canada Life Investment Management Ltd. on Feb. 26 announced a series of fund mergers effective on or about May 23, 2025, subject to unitholder approval. In a release, Canada life said the proposed changes are generally designed to enhance and streamline the fund lineups for advisors and their clients.
The Investment Funds Institute of Canada (IFIC) on Feb. 24 announced investment fund net sales and net assets for January 2025.
Mutual fund assets totalled $2.311 trillion at the end of January, up by $68.9 billion, or 3.1%, since December. Mutual fund net sales were $3.0 billion in January.
ETF assets totalled $541.4 billion at the end of January, up by $23.7 billion, or 4.6%, since December. ETF net sales were $9.0 billion in January.
January insights
Visit the IFIC website to view the full report.
Vanguard Investments Canada Inc. on Feb. debuted four new Asset Allocation Mutual Fund portfolios that provide greater access to its industry-leading low-cost and globally diversified ETF portfolios.
“These funds offer a simple and scalable solution for financial advisors which can help them focus on relationship-oriented services and guidance as they transition to a fee-based business,” said Sal D'Angelo, Head of Product, Vanguard Canada.
Global X Investments Canada on Feb. 20 announced its new Global X Artificial Intelligence Infrastructure Index ETF (TSX: MTRX). The ETF tracks the Mirae Asset AI Infrastructure CAD Index. The fund focuses on the energy infrastructure and components critical to artificial intelligence (AI) manufacturing and operations, including electronic manufacturers and electricity utility providers.
In addition, the fund provides exposure to copper and uranium mining companies. In a release Global X said the addition of uranium to the fund’s exposure reflects a growing global consensus that nuclear power will be necessary to power the growing energy demands of future AI development.
Alex Smahtin, Portfolio Manager and Senior Analyst at Global X said, “Similar to owning the ‘picks and shovels’ used during the gold rush, we believe that MTRX offers Canadian investors the opportunity to focus on the long-term development and operation of AI, rather than the leading application.”
Purpose launches seven new yield share ETFs
Purpose Investments on Feb. 20 debuted seven new ETFs, adding to its Yield Shares Suite – a suite of yield-focused single-stock ETFs designed to provide investors with the long-term growth potential and enhanced monthly yield from their favourite stock. These new ETFs (described in the table below) trade on the Cboe Canada exchange.
Leith Wheeler Investment Counsel annouknced plans to terminate its Leith Wheeler High Yield Bond Fund on or about April 25, 2025. On the termination date, Leith Wheeler will liquidate the holdings of the fund at fair market value, determine distributions and distribute the net assets to unitholders.
Leith Wheeler will continue to offer the Leith Wheeler Corporate Advantage Fund and the Leith Wheeler Multi Credit Fund on the F series platform, both of which invest in high-yield securities as part of their asset mix.
BMO Asset Management Inc. on Feb. 12 announced that it will terminate the the following ETFs on or about April 25, 2025.
The funds are expected to be de-listed from the Toronto Stock Exchange on or about April 21, 2025. Terminating ETFs will continue to be listed and traded on the TSX until the termination date.
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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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