Home etfexpress.com Canadian ETF launches for March 2024

Canadian ETF launches for March 2024

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

Evolve Artificial Intelligence Fund (Ticker: ARTI), provides investors with exposure to AI companies expected to benefit from the increased global adoption of AI.  The fund is actively managed by Evolve and seeks to achieve its investment strategy by principally utilising a database generated by Gradient Boosted Investments Inc. (“Boosted.ai”).

Boosted.ai’s proprietary large language model technology (“Proprietary LLM Technology”) determines a company’s applicability to the theme of AI based on its likelihood to benefit from increased global adoption of AI. The Proprietary LLM Technology considers securities of issuers from developed markets that are directly involved in the development of AI, including related technologies and services and those whose business models or operational efficiencies may be significantly enhanced by AI integration.

RBC iShares launched three new ETF series of existing RBC Fixed Income Pools:

RBC Conservative Bond Pool (Ticker: RCNS), the fund’s exposure leans towards shorter-term, investment-grade Canadian bonds and will have exposure to some global investment-grade, high-yield, and emerging market debt securities to improve the pool’s risk/reward profile.

RBC Core Bond Pool (Ticker: RCOR), the fund has a greater focus on medium-term, investment-grade Canadian and global fixed income, while also providing material exposure to high-yield, and emerging market debt securities to generate attractive income and potential for modest capital appreciation.

RBC Core Plus Bond Pool (Ticker: RPLS) is designed to have the highest yield generation and total return performance of the pools, this fund will have a greater focus on Canadian fixed income, global fixed income, and emerging market bonds.

BMO Asset Management Inc. launched three ETFs that invest in physical gold stored in Canada. The funds are:

BMO Gold Bullion ETF (Ticker: ZGLD/ZGLD.U) seeks to replicate the performance of the price of gold bullion by investing in long-term holdings of unencumbered gold bullion in 400 troy ounce international bar sizes. BMO Gold Bullion ETF does not speculate with respect to short-term changes and is not actively managed. Investors can choose to purchase units that are priced in Canadian dollars or U.S. dollars.

BMO Gold Bullion Hedged to CAD ETF (Ticker: ZGLH) seeks to provide exposure to the price of gold bullion. Currently, BMO Gold Bullion Hedged to CAD ETF primarily invests in BMO Gold Bullion ETF and uses derivative instruments to hedge foreign currency exposure back to the Canadian dollar.

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.

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