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Mackenzie Investments on May 1 announced the launch of new exchange traded funds (ETFs) and corresponding mutual funds that aim to provide investors with high-quality fixed-income investment options with the potential to deliver enhanced yields with lower risk.
Mackenzie AAA CLO ETF (TSX: MAAA) provides access to AAA-rated collateralized loan obligations that adjust their yields to the prevailing benchmark interest rates. This provides investors with the potential to increase returns without proportionally increasing their risk exposure. The AAA-rated tranche is the safest tier, being the last to absorb losses and the first to receive payments. Mackenzie's new active ETF can help investors diversify their portfolios while offering lower volatility and higher credit quality, as well as slightly higher yields than corporate bonds.
Both the Mackenzie Target 2027 North American IG Corporate Bond ETF (TSX: MTBA) and Mackenzie Target 2029 North American IG Corporate Bond ETF (TSX: MTBB) and their corresponding mutual funds aim to offer investors attractive returns in varying interest rate environments while minimizing risk. By holding the bonds to maturity, the funds and ETFs are useful options for investors looking to match investment maturity with their financial goals. The target maturity funds and ETFs provide predictability and reduced interest rate sensitivity, making them an attractive investment option.
BMO Asset Management Inc. on May 2 announced the launch of BMO AAA CLO ETF (CBOE CAN: ZAAA). The fund seeks to provide income while preserving capital by investing, directly or indirectly, primarily in a diversified portfolio of AAA-rated collateralized loan obligations of issuers outside of Canada. The fund is also available in hedged units (CBOE CAN: ZAAA.F) and USD Units (CBOE CAN: ZAAA.U). In respect of the hedged units, the BMO ETF will also invest in or use derivative instruments to seek to hedge U.S. currency exposure.
Global X Investments Canada on April 30 announced the launch of 11 new ETFs, including a defence sector index ETF and two Bitcoin-focused covered call funds that offer twice monthly distributions to Canadians.
The new funds include five index ETFs, two covered call ETFs, and four enhanced covered-call ETFs:
BMO Investments on April 28 announced the termination of BMO LifeStage Plus 2025 Fund and BMO Target Education 2025 Portfolio. In a release, BMO said that as these funds are approaching their June 30, 2025, target end date, each fund will be merged into the following mutual funds:
Each of the mergers will be implemented effective after the close of business on or about July 11, 2025.
SLGI Asset Management Inc. on April 25 announced its decision to close Sun Life Wellington Opportunistic Fixed Income Private Pool. This decision was made with the goal of streamlining offerings for investors.
Effective April 25, 2025, the Pool was closed to purchases or switches in by new accounts. Any accounts that already hold units of the Pool may continue to hold, purchase, or switch in additional units. Existing pre-authorized contributions to purchase units of the Pool may continue. The termination of the Pool will be effective at market close on Aug. 29, 2025, and SLGI Asset Management will redeem any investors remaining in the Pool as of this date.
Mackenzie Investments on April 22 announced the launch of four new mutual funds:
Mackenzie GQE Canadian Equity Fund offers investors access to investments in quality Canadian companies, complemented by exposure to U.S. investments. This allows investors to diversify their portfolios while pursuing attractive returns and managing risk.
Mackenzie GQE Canadian Balanced Fund and Mackenzie GQE Global Balanced Fund combine equity and fixed income opportunities to provide investors with a diversified portfolio. The funds are managed to adhere to a target strategic asset mix, which will be adjusted based on emerging opportunities and risks.
Mackenzie GQE US Alpha Extension Fund enhances core U.S. equity exposure with both long and short equity positions to create greater alpha potential.
The Securities and Investment Management Association (SIMA) on April 22 announced investment fund net sales and net assets for March 2025.
Mutual fund assets totalled $2.258 trillion at the end of March, down by $52.4 billion, or 2.3%, since February. Mutual fund net sales were $1.3 billion in March.
ETF assets totalled $546.9 billion at the end of March, down by $0.2 billion, or 0.04%, since February. ETF net sales were $13.9 billion in March.
March insights
Visit the SIMA website to view the full report.
BMO Investments Inc. on April 16 announced the termination of three funds on or about July 11, 2025:
TD Asset Management Inc. on April 15 announced the addition of the launch of TD All-Equity ETF Portfolio (TSX: TEQT), which seeks to provide long-term capital growth by investing primarily in units of other equity-oriented ETFs, emphasizing those with greater potential for capital growth.
Manulife Investment Management on April 8 announced the launch of two new global core funds:
Manulife Global Core Equity Fund seeks to provide capital appreciation by investing primarily in securities of other investment funds to gain exposure to global equities.
Manulife Global Core Balanced Fund seeks to provide capital appreciation by investing primarily in securities of other investment funds to gain exposure to global equities and fixed income securities.
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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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