{"id":52485,"date":"2024-10-10T12:47:58","date_gmt":"2024-10-10T12:47:58","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=52485"},"modified":"2024-10-10T12:47:58","modified_gmt":"2024-10-10T12:47:58","slug":"canadian-etfs-canada-sees-23-new-etf-launches-in-september-as-fixed-income-funds-gain-momentum","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2024\/10\/canadian-etfs-canada-sees-23-new-etf-launches-in-september-as-fixed-income-funds-gain-momentum\/","title":{"rendered":"Canadian ETFs: Canada sees 23 new ETF launches in September as fixed income funds gain momentum"},"content":{"rendered":"<p>Based on the Scotia ETF EDGE reports from September 2 to September 27, spanning a four-week period, Canadian ETFs saw an inflow of $6.1 billion, a decline of $3.04 billion from the previous month. Equity and fixed income ETFs shared near equal attention from investors with $2.9 billion going to equity and $2.4 billion for fixed income. Cash rebounded with inflows of $0.31 billion, a stark contrast to last month\u2019s cash exodus of $0.45 billion, reflecting a strategic repositioning among investors amid evolving market dynamics.<\/p>\n<p>September was a month of central banks slashing rates. The Bank of Canada kicked it off by cutting its rate for a second time this year. The European Central Bank soon followed with its own quarter point rate cut to 3.5% as they cite cooling inflation amongst other economic indicators. The Federal Reserve finally lowered its key rate by a half percentage point, or 50 basis point, also pointing to moderating inflation which gave the Committee \u201cgreater confidence that inflation is moving sustainably toward 2 percent\u201d. Chair Powell\u2019s announcement provided a jolt to the U.S stock market. Wall Street concluded September and the third quarter on a winning note. The three major averages, the S&amp;P 500, DJIA, and Nasdaq, ended with a monthly gain breaking the long-running market anomaly of the September Effect.<\/p>\n<p>Cl Global Short-Term Bond Fund ETF <strong>(CGSB-T)<\/strong> experienced the highest influx with $0.37 billion, followed by BMO Long Federal Bond Index ETF <strong>(ZFL-T)<\/strong>, which attracted $0.33 billion. The Vanguard S&amp;P 500 Index ETF <strong>(VFV-T)<\/strong> trailed slightly with $0.32 billion flowing in. Cl Enhanced Short Duration Bond Fund ETF <strong>(FSB-T)<\/strong> had the largest capital run with $0.37 billion. The BMO S&amp;P 500 Index ETF <strong>(ZSP-T)<\/strong> and BMO Aggregate Bond Index ETF <strong>(ZAG-T)<\/strong> each felt an outflow of $0.17 billion. It appears that equity and fixed income ETFs are jostling for position in portfolios.<\/p>\n<p><strong><u>Additions<\/u><\/strong><\/p>\n<p>In September, 23 new ETFs made their way into the Canadian market.<\/p>\n<p>Dynamic Funds released U.S. versions to three funds from its Active ETF series.<\/p>\n<p>Dynamic Active Global Dividend ETF <strong>(DXG-U-T)<\/strong> invests in equity securities of global businesses that pay or are expected to pay a dividend or distribution while tracking the MSCI World Index (C$). Dynamic Active U.S. Dividend ETF <strong>(DXU-U-T)<\/strong> focuses on large-cap companies that are expected to initiate or grow their dividends. Dynamic Active U.S. Equity ETF <strong>(DXUS-U-T)<\/strong> invests in high-quality U.S. growth companies that lead their respective industries.<\/p>\n<p>Meanwhile, Mackenzie Investments broadened its offerings with the launch of four ETFs. Mackenzie Bluewater Next Gen Growth ETF <strong>(MNXT-T)<\/strong> primarily invests in global businesses with accelerated free cash flow.\u00a0 Mackenzie International Equity ETF <strong>(MIQE-T)<\/strong> and Mackenzie Global Equity ETF <strong>(MGQE-T)<\/strong> provides exposure to investments outside of North America. Mackenzie Core Resources ETF <strong>(MORE-T)<\/strong> offers investors an active strategy portfolio that concentrates on the energy, materials and precious metals industries.<\/p>\n<p>Evolve Canadian Utilities Enhanced Yield Index Fund <strong>(UTES-T)<\/strong> and Evolve Canadian Aggregate Bond Enhanced Yield Fund <strong>(AGG-T)<\/strong> both employ an active covered call strategy to generate an attractive monthly income.<\/p>\n<p><strong>Other ETF Launches<\/strong><\/p>\n<p>RBC iShares launched two new ETF Series of RBC Funds which are managed by RBC Global Asset Management on Cboe Canada. RBC Life Science and Technology Fund \u2013 ETF Series <strong>(RLST-NE)<\/strong> invests in equity securities of U.S. companies whose businesses relate to life sciences and technology. RBC U.S. Mid-Cap Growth Equity Fund \u2013 ETF Series <strong>(RUMG-NE)<\/strong> invests in equity securities of U.S. mid-cap companies.<\/p>\n<p>RBC iShares also expands access to BlackRock\u2019s platform with the launch of iShares Flexible Monthly Income ETF <strong>(XFLI-T, XLFI-U-T)<\/strong>, which invests in the BlackRock Flexible Income ETF (BINC-ARCA) and managed by BlackRock Asset Management Canada Limited.<\/p>\n<p>FT Portfolios Canada Co. launched the First Trust SMID Cap Rising Dividend Achievers ETF <strong>(SDVY-NE, SDVY-F-NE)<\/strong> on Cboe Canada. The ETF seeks to track the performance of the Nasdaq US Small Mid Cap Rising Dividend Achievers<sup>TM<\/sup>\u00a0Index.<\/p>\n<p>Forstrong Global Balanced ETF <strong>(FGBL-T)<\/strong> invests in a diversified mix of global and Canadian securities.<\/p>\n<p>CI Global Quality Dividend Growth Index ETF <strong>(CGQD-T)<\/strong> provides exposure to dividend-paying companies with growth and quality characteristics around the developed world.<\/p>\n<p>Vanguard Canadian Ultra-Short Government Bond Index ETF <strong>(VVSG-T)<\/strong> is a low-risk fixed income solution for investors with a savings goal of a year of less. The fund invests entirely in high-quality Government of Canada bills and bonds, offers favourable yields and daily liquidity, and is one of the lowest-cost, short-term investment products in the market with a management fee of 0.10%.<\/p>\n<p>Hamilton U.S. T-Bill YIELD MAXIMIZER\u2122 ETF <strong>(HBIL-T, HBIL-U-T)<\/strong> utilizes an active covered call strategy to deliver attractive monthly income while providing exposure to shorter-term U.S. Treasury securities.<\/p>\n<p>Corton Capital Inc. expanded its suite of actively-managed funds with Corton Enhanced Income Fund <strong>(RAAA-T)<\/strong>, which invests in a diversified portfolio of European and U.S. floating rate collateralized loan obligations.<\/p>\n<p>Fidelity Equity Premium Yield ETF <strong>(FEPY-NE, FEPY-U-NE)<\/strong> offers exposure to an equity and options-based investment strategy that can generate potentially higher levels of cash flow compared to equity-only strategies.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52486\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1.png\" alt=\"\" width=\"2617\" height=\"1067\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1.png 2617w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1-300x122.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1-1024x418.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1-768x313.png 768w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1-1536x626.png 1536w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture1-2048x835.png 2048w\" sizes=\"(max-width: 2617px) 100vw, 2617px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-52489\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2.png\" alt=\"\" width=\"2602\" height=\"360\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2.png 2602w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2-300x42.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2-1024x142.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2-768x106.png 768w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2-1536x213.png 1536w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2024\/10\/Picture2-2048x283.png 2048w\" sizes=\"(max-width: 2602px) 100vw, 2602px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><em>Amy Mak, is senior financial analyst at Inovestor.<\/em><\/p>\n<p><em>At Inovestor, we believe that investors deserve access to the best financial information available. Leveraging our suite of award-winning research technologies, we go above and beyond to put that information at your fingertips. For more information, please visit\u00a0<\/em><a href=\"http:\/\/inovestor.com\/\"><em>inovestor.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the Scotia ETF EDGE reports from September 2 to September 27, spanning a four-week period, Canadian ETFs saw an inflow of $6.1 billion, a decline of $3.04 billion from the previous month. Equity and fixed income ETFs shared near equal attention from investors with $2.9 billion going to equity and $2.4 billion for [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[167,168],"class_list":["post-52485","post","type-post","status-publish","format-standard","hentry","category-intelligence","tag-etf","tag-etfs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canadian ETFs: Canada sees 23 new ETF launches in September as fixed income funds gain momentum - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2024\/10\/canadian-etfs-canada-sees-23-new-etf-launches-in-september-as-fixed-income-funds-gain-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian ETFs: Canada sees 23 new ETF launches in September as fixed income funds gain momentum\" \/>\n<meta property=\"og:description\" content=\"Based on the Scotia ETF EDGE reports from September 2 to September 27, spanning a four-week period, Canadian ETFs saw an inflow of $6.1 billion, a decline of $3.04 billion from the previous month. 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