The month of November was peppered with talks of AI fear and FOMO that rattled the stock market. Despite Nvidia posting strong earnings results, the concern of an AI bubble shrouded the markets after two major investors made headlines for their move to sell their entire stake in the chip giant.
On the other hand, Google released its latest update to their AI model with Gemini 3. The common consensus is that users are impressed with its advancements making it a contender for the most capable AI tool on the market. Alphabet may become the second AI play after Nvidia as the company already has an agreement to supply one million chips to Anthropic and Meta is reportedly in talks to spend billions on Google’s AI.
Meanwhile, the top fund gainers for November belong to the LongPoint Asset Management’s family of single-stock ETFs. Propped up by the two times leveraged exposure, the SavvyLong (2X) Barrick ETF (ABXU-T) had the highest percentage return over the last month with 69.16%, followed by SavvyLong (2X) GOOGL ETF (ALPU-T) with 29.14%. The SavvyShort (-2X) NVDA ETF (NVDD-T) capitalized on the recent AI anxiety with price return of 28.16%.
In the Canadian ETF marketplace, November welcomed 14 new funds, a moderate amount as the year nears a close.
CIBC ETFs
CIBC Asset Management Inc. added three asset allocation ETFs to its offering. The CIBC Conservative ETF Portfolio (CCON-T), CIBC Balanced ETF Portfolio (CBLN-T), and CIBC Balanced Growth ETF Portfolio (CGRW-T) each abide by a targeted asset mix of equity and fixed income that appeal to investors with varying risk tolerances. These strategies are low-cost investment options all priced at a 0.15% management fee.
Invesco ETFs
Invesco Canada Ltd. launched the hedged and USD versions of two existing indexed-based portfolios. The Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI-F-T, EQLI-U-T) invests primarily in equity securities of companies listed in the U.S. and currently holds securities of Invesco S&P 500® Equal Weight Index ETF. The Invesco NASDAQ 100 Income Advantage ETF (QQCI-F-T, QQCI-U-T) invests primarily in equity securities of companies listed on The Nasdaq Stock Market LLC and currently holds securities of Invesco NASDAQ 100 Index ETF.
Manulife ETFs
Manulife Investments listed three new funds on the Cboe exchange. The Manulife Global Edge ETF (GEDG-NE) invests primarily in global equity securities utilizing a combination of bottom-up stock selection and top-down macro insights for individual security, sector and geographic weights.
The Manulife Smart Enhanced Yield Bond ETF is available in hedged (BYLD-T) and unhedged (BYLD-B-T) versions. The fund offers a diversified income potential through a broad mix of actively managed fixed-income ETFs, dynamic high-yield allocation, and options strategies designed to generate a higher level of stable, recurring, and dependable monthly income.
Other launches
True Exposure Investments Inc. launched its innovative TRU.X Exogenous Risk Pool (TERP-T, TERP-U-T) ETF product to navigate different types of risks surrounding investments and the environment. The Fund focuses on North American equity and seeks to defend capital during market shocks and downturns, while producing competitive returns during normal periods.
Rocklinc Investment Partners Inc. listed the Rocklinc Principled Equity ETF (RKLC-T) on the TSX. This actively managed fund invests primarily in global equity securities with a value approach to investing.
Purpose Investments added the Yield Shares (JPYS) Purpose ETF (JPYS-NE). Similar to its other single-stock income-focused portfolios, the fund offers an enhanced monthly income from holding JPMorgan Chase shares using a covered call strategy and moderate leverage.
Amy Mak is ETF Specialist at Inovestor.
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