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Invesco Canada Ltd. on April 3 debuted its Invesco S&P/TSX 60 Equal Weight Index ETF (TSX: EQLT), offering equally-weighted broad Canadian equity exposure. EQLT tracks the performance of the S&P/TSX 60 Equal Weight Index and aims for potential capital growth over the long-term while allocating an equal weight to equity investments. “The EQLT strategy reduces portfolio concentration risk and creates a more balanced portfolio,” said Pat Chiefalo, Invesco’s Senior Vice President, Head ETFs & Index Strategies, Canada.”
Franklin Templeton Canada on April 3 announced that it will terminate FT Balanced Growth Private Wealth Pool, FT Balanced Income Private Wealth Pool, FT Growth Private Wealth Pool, and Franklin Martin Currie Improving Society Fund on or around June 13.
As of the close of business on June 13, 2025, any remaining investors who hold series A, F or O units of the terminated mutual funds in non-registered accounts will have their investments liquidated at fair market value, and Franklin Templeton Canada will send the proceeds to the investor or their dealer. Investors who hold the terminated mutual funds in registered accounts will have their investments switched into the corresponding series A, F or O units of Franklin Canadian Money Market Fund.
RBC iShares on April 2 launched a new short-term bond ETF and expanded its Target Maturity Bond ETF suite. All four new RBC ETFs are managed by RBC Global Asset Management Inc.
RBC Canadian Ultra Short Term Bond ETF (TSX: RUST) was launched with the goal of meeting the needs of Canadian investors and advisors who are looking for an additional duration option between money market funds and short-term bond offerings. The fund aims for regular income while preserving capital via downside protection in volatile markets by investing primarily in a diversified portfolio of Canadian investment-grade short-term corporate bonds with a targeted term to maturity of under one year.
New target date funds are RBC Target 2031 Canadian Government Bond ETF (TSX: RGQT), RBC Target 2031 Canadian Corporate Bond ETF (TSX: RQT) and RBC Target 2031 U.S. Corporate Bond ETF (TSX: RUQT).
Connor, Clark & Lunn Funds Inc. on March 31 debuted its new PCJ Focused Opportunities Fund, and renamed the CC&L Alternative Income Fund to CC&L Absolute Return Bond Fund.
PCJ Focused Opportunities Fund is modeled after an existing institutional strategy that seeks to deliver an attractive long-term growth profile by taking long and short positions in North American Equities. This opportunistic fund incorporates many of the same themes and positions as the existing PCJ Absolute Return II Fund; however, without the requirement to be market neutral, it is able to pursue a higher level of returns. The portfolio manager is PCJ Investment Counsel Ltd.
CC&L Absolute Return Bond Fund, formerly known as the CC&L Alternative Income Fund, is also modeled after an existing institutional portfolio that employs three unique and complementary fixed-income absolute return strategies to target attractive risk-adjusted returns with low correlation to conventional bond portfolios. The portfolio manager is Connor, Clark & Lunn Investment Management Ltd.
Desjardins Investments Inc., on March 28 announced a name change for one of its mutual funds.
Effective immediately, Desjardins Alt Long/Short Equity Market Neutral ETF Fund has been renamed the Desjardins Market Neutral ETF Fund. This change follows an earlier round of name changes announced on March 21, 2025, for four exchange-traded funds (ETFs) in the alternative fund category. The changes are intended to streamline the names of the ETFs and better differentiate them within Desjardins Investments’ lineup of alternative ETFs. The Desjardins Market Neutral ETF Fund invests virtually all of its net assets in units of the underlying Desjardins Market Neutral ETF.
J.P. Morgan Asset Management on March 25 announced the listing of it JPMorgan US Value Active ETF (TSX: JAVA) and the JPMorgan US Growth Active ETF (TSX: JGRO) on the Toronto Stock Exchange.
JPMorgan US Value Active ETF (TSX: JAVA) uses an actively-managed investment strategy that seeks to deliver a style-pure value equity portfolio. It employs a fundamental, bottom-up approach to identify quality companies at attractive valuations.
JPMorgan US Growth Active ETF (TSX: JGRO) is an actively managed style-pure large-cap growth fund that uses a fundamental, bottom-up approach to identify underappreciated growth opportunities, and is anchored in large cap with a degree of market capitalization flexibility.
The Securities and Investment Management Association (SIMA, formerly the Investment Funds Institute of Canada) on March 21 announced investment fund net sales and net assets for February 2025.
Mutual fund assets totalled $2.310 trillion at the end of February, down by $1.2 billion, or 0.1%, since January. Mutual fund net sales were $9.0 billion in February.
ETF assets totalled $547.1 billion at the end of February, up by $5.8 billion, or 1.1%, since January. ETF net sales were $9.9 billion in February.
February insights
Visit the SIMA website to view the full report.
Brompton Funds Ltd. on March 21 announced that its Brompton Split Corp. Class A Share ETF (TSX: CLSA) has commenced trading on the Toronto Stock Exchange. A final prospectus dated March 14, 2025, has been filed with the securities regulatory authorities in each province and territory in Canada.
The fund aims to provide attractive monthly distributions and the opportunity for capital appreciation, primarily through investment in a portfolio of class A shares of split share corporations. CLSA will seek to achieve its investment objectives by investing in an actively managed portfolio of class A shares offered by Canadian split share corporations listed on a Canadian exchange.
1832 Asset Management on March 18 announced proposed mergers of select Dynamic Funds to streamline its lineup, create efficiencies, and reduce fees for clients.
The following mutual funds will be merged into the corresponding series of units of the continuing fund:
As part of its ongoing efforts to streamline its product shelf, Mackenzie Investments on March 14 announced the termination of one exchange-traded fund as well as the redemption of USD units of an additional ETF.
Mackenzie will be terminating the Mackenzie Global Sustainable Dividend Index ETF (TSX: MDVD) effective on or about June 4. The ETF will cease trading and be voluntarily delisted from the Toronto Stock Exchange at Mackenzie’s request on or about June 4 with net proceeds distributed to unitholders, together with a final distribution of any income, if required.
In addition, at the close of business on or about June 4, all of the outstanding Series USD units of Mackenzie US Large Cap Equity Index ETF (TSX: QUU.U) will cease trading and be voluntarily delisted from the Toronto Stock Exchange at the request of Mackenzie.
Fidelity Investments Canada on March announced the limited closure (also known as a “soft cap”) of purchases by new investors into Fidelity Emerging Markets Fund and Fidelity Emerging Markets Class, effective at the close of business on or about May 27.
For the ETF Series of Fidelity Emerging Markets Fund, a similar limited closure would impact its liquidity and may create trading challenges for investors. Therefore, Fidelity has made the decision to terminate Fidelity Emerging Markets Fund – ETF Series (TSX: FCEM) effective on or about May 27.
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