Home etfexpress.com Canadian ETF launches for April 2024

Canadian ETF launches for April 2024

A summary of the Canadian ETF launches that occurred in April 2024.

BMO Asset Management launched the BMO US Equity Buffer Hedged to CAD ETF – April (Ticker: ZAPR). The ETF seeks to provide unitholders with income and appreciation that matches to the extent possible the return of an index designed to measure the large-cap segment of the US equity market up to a cap, while providing a buffer against the first 15 per cent of a decrease in the market price of the index, over approximately one year from the first business day of April of each year to on or about the last business day of March of the following year.

National Bank Investments Inc. and Evovest Inc. launched the Evovest Global Equity ETF (Ticker: EVO) which invests in a diverse portfolio comprised primarily of common shares of companies located around the world. In selecting securities for its portfolio, the portfolio manager relies on its proprietary machine learning models (“ML models”). ML models are quantitative algorithms that generate predictive results based on the historical data it is asked to treat.

Harvest ETFs launched three ETFs:

Harvest Balanced Income & Growth ETF (Ticker: HBIG), invests in a portfolio of ETFs listed on a recognised North American stock exchange that provides exposure towards large-cap equity securities, and investment-grade bonds or money market instruments issued by corporations or governments. It will primarily include ETFs that engage in covered call strategies. The ETF is s built to deliver high monthly cash distributions and the opportunity for capital appreciation.

Harvest Balanced Income & Growth Enhanced ETF (Ticker: HBIE), is built to deliver enhanced income and growth opportunities by applying modest leverage to an investment that seeks to replicate the Harvest Balanced Income & Growth ETF (Ticker: HBIG). It offers access to the same portfolio of equity income ETFs and fixed income ETFs with enhanced monthly cash flow.

Harvest Industrial Leaders ETF (Ticker: HIND), offers exposure to leading industrial companies and emerging trends. The ETF is overlayed with a covered call-writing strategy to provide steady monthly cash distributions.

Desjardins Investments Inc. launched four index ETFs:

Desjardins Canadian Corporate Bond Index ETF (Ticker: DCBC) seeks to replicate the performance of a Canadian corporate bond Index. Currently, the Fund seeks to replicate the performance of the Solactive Canadian Bond Universe Corporate TR Index. Under normal market conditions, the Fund will primarily invest in corporate bonds issued in the Canadian Market.

Desjardins Canadian Equity Index ETF (Ticker: DMEC) seeks to replicate the performance of a Canadian equity index. Currently, the Fund seeks to replicate the performance of the Solactive Canada Broad Market Index (CA NTR). Under normal market conditions, the Fund will primarily invest in large and mid-cap securities of Canadian companies.

Desjardins American Equity Index ETF (Ticker: DMEU) seeks to replicate the performance of an American equity index. Currently, the Fund seeks to replicate the performance of the Solactive GBS United States 500 CAD Index (CA NTR). Under normal market conditions, the Fund will primarily invest in large and mid-cap securities of American companies.

Desjardins International Equity Index ETF (Ticker: DMEI) seeks to replicate the performance of an international equity index. Currently,  the Fund seeks to replicate the performance of the Solactive GBS Developed Markets ex-North America Large & Mid Cap CAD Index (CA NTR). Under normal market conditions, the Fund will primarily invest in large and mid-cap securities of international companies.

Franklin Templeton Canada launched 4 ETFs, three low-volatility ETFs, with a dividend focus and a fixed-income ETF:

Franklin Canadian Low Volatility High Dividend Index ETF (Ticker: FLVC) seeks to replicate, to the extent possible, the performance of the Franklin Canadian Low Volatility High Dividend Index NTR. The Index is designed to provide stable income through investment in stocks of profitable Canadian companies with relatively high dividend yields and lower price and earnings volatility.

Franklin U.S. Low Volatility High Dividend Index ETF (Ticker: FLVU) seeks to replicate the performance of the Franklin Low Volatility High Dividend CAD Index NTR. The Index is designed to provide stable income through investment in stocks of profitable U.S. companies with relatively high dividend yields and lower price and earnings volatility in CAD currency.

Franklin International Low Volatility High Dividend Index ETF (Ticker: FLVI) seeks to replicate, to the extent possible, the performance of the Franklin International ex-North America Low Volatility High Dividend CAD Index NTR. The Index seeks to provide stable income through investments in stocks of profitable companies in developed markets outside of the United States and Canada with relatively high dividend yields or anticipated dividend yields and lower price and earnings volatility in CAD currency.

Franklin Canadian Government Bond Fund (Ticker: FGOV) seeks current income, liquidity and modest capital appreciation by investing primarily in bonds issued by Canadian federal, provincial and municipal governments and government agencies, mortgage-backed securities and real return bonds.

TD Asset Management launched six target-maturity bond ETFs:

TD Target 2025 Investment Grade Bond ETF (Ticker: TBCE), seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars each maturing in 2025, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2025.

TD Target 2026 Investment Grade Bond ETF (Ticker: TBCF), seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars each maturing in 2026, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2026.

TD Target 2027 Investment Grade Bond ETF (Ticker: TBCG), seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars each maturing in 2027, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2027.

TD Target 2025 U.S. Investment Grade Bond ETF (Ticker: TBUE.U) seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade U.S. corporate bonds denominated in U.S. dollars each maturing in 2025, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2025.

TD Target 2026 U.S. Investment Grade Bond ETF (Ticker: TBUF.U) seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade U.S. corporate bonds denominated in US dollars each maturing in 2026, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2026.

TD Target 2027 U.S. Investment Grade Bond ETF (Ticker: TBUG.U) seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade US corporate bonds denominated in U.S. dollars each maturing in 2027, which corresponds to the expected year of termination of the TD ETF. The ETF will cease trading and be delisted on or about November 30, 2027.

RBC iShares launched eight fixed income ETFs:

RBC Target 2025 U.S. Corporate Bond ETF (Ticker: RUQN/ RUQN.U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by US and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2025.

RBC Target 2026 U.S. Corporate Bond ETF (Ticker: RUQO/ RUQO.U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by U.S. and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2026.

RBC Target 2027 U.S. Corporate Bond ETF (Ticker: RUQP/ RUQP.U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by US and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2027.

RBC Target 2028 U.S. Corporate Bond ETF (Ticker: RUQQ/ RUQQ .U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by U.S. and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2028.

RBC Target 2029 U.S. Corporate Bond ETF (Ticker: RUQR/ RUQR.U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by US and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2029.

RBC Target 2030 U.S. Corporate Bond ETF (Ticker: RUQS/ RUQS.U) provides income, for a limited period of time ending on the ETF’s termination date, by investing primarily in a portfolio of investment grade fixed-income securities issued in the US market by US and foreign corporations that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2030.

RBC Target 2030 Canadian Corporate Bond Index ETF (Ticker: RQS) provides income for a limited period of time ending on its termination date by replicating the investment results that generally correspond to the performance of the FTSE Canada 2030 Maturity Corporate Bond Index. The FTSE Canada 2030 Maturity Corporate Bond Index is designed to represent the performance of a held-to-maturity portfolio consisting of, primarily, Canadian dollar-denominated investment grade corporate bonds with effective maturities in 2030. It is anticipated that the ETF will terminate on or about September 30, 2030.

RBC Target 2030 Canadian Government Bond ETF (Ticker: RGQS) provides income, for a limited period of time ending on the RBC Target 2030 Canadian Government Bond ETF’s termination date, by investing primarily in a portfolio of fixed-income securities issued by Canadian governments and agencies that mature in the same calendar year as the ETF’s termination date. It is anticipated that the ETF will terminate on or about September 30, 2030.

This article is sponsored by STOXX.

To view this week’s global ETF launches, click here.

To view this week’s US ETF launches, click here.

newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.