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Forstrong Global Asset Management Inc. on Aug. 10 launched a suite of actively-managed and internationally-focused exchange-traded funds:
Forstrong Global Ex-North America Equity ETF – ETF Class (TSX: FINE) invests primarily, directly or indirectly, in a diversified mix of global ex-North America stocks. It uses a top-down equity strategy to identify changes in country fundamentals, politics or regulations, currency trends, investor settlements, or a combination of these factors, and is designed to complement traditional bottom-up North America-focused portfolios.
Forstrong Emerging Markets Equity ETF – ETF Class (TSX: FEME) holds a diversified mix of emerging markets stocks. This ETF uses a targeted approach to identifying emerging countries with an attractive combination of demographics, policy, earnings trends, and political stability.
Forstrong Global Income ETF – ETF Class (TSX: FINC) aims for modest capital appreciation by investing, directly or indirectly, in a diversified mix of Canadian and global securities. It is intended for investors seeking to grow their capital over the long-term with an emphasis on receiving income, while providing better diversification characteristics than portfolios that are focused exclusively on North America.
Forstrong Global Growth ETF – ETF Class (TSX: FGRW) aims for long-term capital growth and modest income with a diversified mix of Canadian and global securities. This ETF is intended for investors looking to for exposure to growing regions of the world.
In a release, Forstrong said the ETFs will invest using the same strategies that have been used in connection with the firm’s institutional and high net-worth clients to help them manage risk and returns. “We have launched these new ETFs to provide Canadian investors with greater access to the higher income and growth opportunities available around the globe. We believe that active management will be crucial to capture the pockets of opportunities within countries, sectors and themes,” said Tyler Mordy, Chief Executive Officer and Chief Investment Officer of Forstrong.
BMO Investments Inc. on Aug. 4 announced that it will terminate BMO Concentrated U.S. Equity Fund ($21 million assets under management) and BMO SDG Engagement Global Equity Fund ($2 million assets under management) on or about Oct. 6, 2023.
The Investment Funds Institute of Canada on Aug. 22 announced investment fund net sales and net assets for July 2023.
Mutual fund assets totalled $1.914 trillion at the end of July 2023. Assets increased by $19.5 billion or 1.0 per cent compared to June 2023. Mutual funds recorded net redemptions of $4.8 billion in July 2023.
ETF assets totalled $356.8 billion at the end of July 2023. Assets increased by $8.3 billion or 2.4 per cent from June 2023. ETFs recorded net sales of $2.8 billion in July 2023.
More information and complete survey data are available at the IFIC website.
AGF Investments Inc. on Aug. 21 debuted its AGF Enhanced U.S. Equity Income Fund, which is available as a mutual fund as well as an ETF trading on the NEO exchange under the symbol AENU.
The fund provides exposure to a diversified portfolio of dividend-paying U.S. equity securities combined with an actively managed option writing strategy that seeks to provide enhanced income potential and mitigate volatility. The fund will pay a tax-efficient, fixed monthly distribution.
Canoe Financial LP on Aug. 1 announced the launch of three new funds.
Canoe Unconstrained Bond Fund and Canoe Unconstrained Portfolio Class are sub-advised by Reams Asset Management. The funds aim to provide a flexible, unconstrained approach to navigating across fixed income sectors while optimizing returns in all market environments. The Reams investment team utilizes a broader array of tools than traditional fixed income solutions to manage duration, mitigate risk and capitalize on opportunities. Canoe Unconstrained Bond Portfolio Class has a tax-efficient structure that is suitable for non-registered investment accounts.
Canoe International Equity Portfolio Class is sub-advised by PineStone Asset Management Inc., which uses a high conviction approach to investing focusing on what PineStone believes to be high quality international companies that can generate increased shareholder value.
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