This Week in Canada ETFs: June 8 - June 12, 2026
Here’s a recap of all the key developments from week 24 of 2026 in Canada’s ETF market.
Here’s a recap of ETF activity across the Canadian market this week, from launches and filings to key updates.
ETF Launches
RBC Expands Alternative ETF Lineup With Three New Leveraged Strategies
The RBC iShares alliance has expanded its alternative investment offering with the launch of three new ETF Series designed to provide investors with leveraged exposure to value and dividend-focused equity strategies.
The new funds, which began trading on Cboe Canada on June 9, are managed by RBC Global Asset Management and include:
- RBC Enhanced North American Value Fund – ETF Series (RNVL), management fee: 1.00%
- RBC Enhanced Quant Canadian Dividend Leaders Fund – ETF Series (RCDL), management fee: 0.65%
- RBC Enhanced Quant U.S. Dividend Leaders Fund – ETF Series (RUDL), management fee: 0.65%
The launches add to RBC's growing suite of alternative investment solutions and reflect increasing demand from advisors and investors seeking strategies that can potentially enhance returns while maintaining the convenience and liquidity of ETFs.
Unlike traditional equity ETFs, all three funds employ leverage equivalent to approximately 25% of net asset value. The structure is designed to amplify exposure to established investment strategies that already have significant assets under management.
RNVL provides leveraged exposure to the RBC North American Value Fund, a strategy with more than $10 billion in assets that focuses on undervalued Canadian and U.S. companies with long-term growth potential.
Meanwhile, RCDL and RUDL build on RBC's quantitative dividend strategies. RCDL invests primarily in the RBC Quant Canadian Dividend Leaders ETF, which manages more than $400 million, while RUDL invests primarily in the RBC Quant U.S. Dividend Leaders ETF, which has accumulated over $900 million in assets. Both funds target high-quality dividend-paying companies while using leverage to enhance potential returns.
"Canadian investors and advisors are continually looking for new solutions to help address portfolio construction challenges during times of heightened market volatility," said Stephen Hoffman, Managing Director of Exchange-Traded Funds at RBC Global Asset Management. "By introducing the RBC Enhanced Funds in ETF Series, we are expanding our suite of alternative investment solutions to make sophisticated investment strategies accessible for Canadians who prefer to invest using ETFs."
The launches come as alternative ETFs continue to gain traction in Canada, with issuers increasingly introducing strategies that provide exposure to leverage, options, long-short approaches, and other non-traditional portfolio tools through an ETF wrapper.
ETF Filings
Evolve Files Covered-Call Sector ETFs
Evolve Funds Group has filed for two income-oriented ETFs: the Evolve Canadian Financials Yield Fund (CFIN) and the Evolve Canadian Utilities Yield Fund (CUTE).
Both funds will employ covered-call strategies without using leverage and are designed to generate monthly income. CFIN will hold an equal-weighted portfolio of Canada's largest banks and insurance companies, while CUTE will focus on leading Canadian utility stocks.
Guardian Targets AI Adoption Trend
Guardian Investments has filed for the Guardian i3 AI Technology and Innovation Fund (GIAI CN), an actively managed ETF focused on companies benefiting from the growth and adoption of artificial intelligence.
The fund will invest across industries, targeting both AI enablers and businesses leveraging AI technologies. GIAI is expected to carry a management fee of 0.70%.
Lysander Moves Credit Fund Toward ETF Structure
Lysander Funds has proposed converting the Canso Credit Income Fund into an ETF. If approved by unitholders, the strategy will become the Lysander-Canso Credit Income ActivETF (PBY CN).
The actively managed credit strategy seeks to maximize total returns through long and short positions in corporate bonds and other income securities while providing monthly distributions.
IA Clarington Files International Multifactor ETF
IA Clarington has filed for the IA Clarington International Multifactor Equity Fund (IIME CN).
The ETF will invest in companies located outside North America using a quantitative multifactor approach designed to identify industry-leading businesses. The fund is expected to charge a management fee of 0.50%.
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
