{"id":44381,"date":"2019-10-18T14:37:00","date_gmt":"2019-10-18T14:37:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2019\/10\/wave-of-new-products-hits-etf-market\/"},"modified":"2019-10-18T14:37:00","modified_gmt":"2019-10-18T14:37:00","slug":"wave-of-new-products-hits-etf-market","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/","title":{"rendered":"Wave of new products hits ETF market"},"content":{"rendered":"<p>In this research report created this month for\u00a0<strong>The Globe And Mail<\/strong>, we look at\u00a0<a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/etfs\/article-wave-of-new-products-hits-etf-market-while-three-providers-terminate\/\">Canadian ETFs: September\u2019s launches and terminations<\/a>.<\/p>\n<p class=\"c-article-body__text\">The Canadian ETF industry ended September with assets under management of $188-billion. A wave of new products was launched during the month and three providers announced ETF closures.<\/p>\n<p class=\"c-article-body__text\">New additions include two alternative ETFs from AGF Investments, the AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF (\u201cQBTL\u201d) and the AGFiQ US Long\/Short Dividend Income CAD-Hedged ETF (\u201cQUDV\u201d). Each of the ETFs charges a management fee of 0.55%.<\/p>\n<p class=\"c-article-body__text\">QBTL seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index (CAD-Hedged). The index is market neutral and sector neutral \u2013 meaning the number of long and short positions in each sector in the index approximate the weighting of that sector in the index universe. It is designed to capture the spread return between the long positions on low-beta companies and short positions on high-beta companies.<\/p>\n<p class=\"c-article-body__text\">QUDV seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Indxx Hedged Dividend Income Currency-Hedged CAD Index, a sector neutral index which is designed to measure the performance of a strategy utilizing three portfolios: long positions on high dividend paying companies, short positions on no or low dividend paying companies, and a long position in the Indxx Cash Index.<\/p>\n<p>The industry is saturated with over 700 ETFs in the Canadian universe, ETFs that are not lucrative are being terminated or merged with other funds. For instance, as a result of a purchase and sale agreement, whereby Hamilton ETFs will acquire the management contract of Purpose Global Financials Income Fund (\u201cPFG\u201d), PFG will merge into the Hamilton Australian Financials Yield ETF (\u201cHFA\u201d), effective on or about October 25, 2019.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-33538 size-large\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2019\/10\/Launches-1-1024x382.png\" alt=\"\" width=\"1024\" height=\"382\" \/><\/p>\n<figure id=\"attachment_33540\" aria-describedby=\"caption-attachment-33540\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-33540 size-large\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2019\/10\/Terminations-1024x343.png\" alt=\"\" width=\"1024\" height=\"343\" \/><figcaption id=\"caption-attachment-33540\" class=\"wp-caption-text\">Source: Inovestor Inc.<\/figcaption><\/figure>\n<p>As investors are increasingly aware of effects of fees on their returns, asset managers are lowering fees to stay competitive. Mackenzie Investments slashed fees on its traditional index ETF suite by up to 10bps, making these ETFs among the most affordable ones in their respective categories.<\/p>\n<figure id=\"attachment_33542\" aria-describedby=\"caption-attachment-33542\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-33542 size-large\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2019\/10\/Fee-Reduction-1024x419.png\" alt=\"\" width=\"1024\" height=\"419\" \/><figcaption id=\"caption-attachment-33542\" class=\"wp-caption-text\">Source: Inovestor Inc.<\/figcaption><\/figure>\n<p>Find the full report\u00a0<a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/etfs\/article-wave-of-new-products-hits-etf-market-while-three-providers-terminate\/\">here<\/a><\/p>\n<p>This article is written by\u00a0<em>Kimberly Yip Woon Sun,\u00a0 ETF Analyst at Inovestor Inc.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this research report created this month for\u00a0The Globe And Mail, we look at\u00a0Canadian ETFs: September\u2019s launches and terminations. The Canadian ETF industry ended September with assets under management of $188-billion. A wave of new products was launched during the month and three providers announced ETF closures. New additions include two alternative ETFs from AGF [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[619],"tags":[620,621],"class_list":["post-44381","post","type-post","status-publish","format-standard","hentry","category-intelligence-en-us","tag-etf-en-us","tag-etfs-en-us"],"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>Wave of new products hits ETF market - 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-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wave of new products hits ETF market\" \/>\n<meta property=\"og:description\" content=\"In this research report created this month for\u00a0The Globe And Mail, we look at\u00a0Canadian ETFs: September\u2019s launches and terminations. The Canadian ETF industry ended September with assets under management of $188-billion. A wave of new products was launched during the month and three providers announced ETF closures. New additions include two alternative ETFs from AGF [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Inovestor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Inovestor\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-18T14:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2019\/10\/Launches-1-1024x382.png\" \/>\n<meta name=\"author\" content=\"Inovestor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:site\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Inovestor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\"},\"author\":{\"name\":\"Inovestor\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/6616b197e129a7a95f3107103c871092\"},\"headline\":\"Wave of new products hits ETF market\",\"datePublished\":\"2019-10-18T14:37:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\"},\"wordCount\":394,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2019\/10\/Launches-1-1024x382.png\",\"keywords\":[\"ETF\",\"etfs\"],\"articleSection\":[\"Intelligence\"],\"inLanguage\":\"en-USA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\",\"url\":\"https:\/\/www.inovestor.com\/en-us\/2019\/10\/wave-of-new-products-hits-etf-market\/\",\"name\":\"Wave of new products hits ETF market - 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