ETF News

Here’s a recap of ETF activity across the Canadian market this week, from launches and filings to key structural updates.

ETF Launches

Fidelity Expands ETF Platform Across Emerging Markets, Alternatives, and Canadian Equities

Fidelity Investments Canada launched four new mutual funds with corresponding ETF series alongside a new standalone ETF fund, further expanding its growing Canadian ETF platform, which recently surpassed C$34.8 billion in assets under management.

The new lineup includes the Fidelity Emerging Markets Opportunities Fund & ETF Series (FEMO), Fidelity Global Concentrated Value Fund & ETF Series (FGCV), Fidelity Alternative Bond Fund & ETF Series (FFAB), Fidelity Multi-Alt Balanced Fund & ETF Series (FMAB), and the Fidelity All-Canadian Equity ETF Fund.

FEMO targets high-growth opportunities across emerging markets through active management led by John Dance, while FGCV offers a concentrated global value strategy managed by veteran portfolio manager Dan Dupont.

Fidelity also expanded further into liquid alternatives with FFAB, a long/short fixed income strategy designed to navigate evolving interest rate and inflation conditions, and FMAB, a multi-asset alternatives solution combining Fidelity’s broader liquid alternative capabilities in a single portfolio.

The launch also reflects rising investor interest in Canadian equities, with Fidelity citing advisor polling showing Canada as the top asset class seeing increased allocation demand.

The new Fidelity All-Canadian Equity ETF Fund expands access to Fidelity’s existing FCCA ETF strategy through a mutual fund structure.

Desjardins Launches Low-Cost U.S. Investment Grade Bond ETF

Desjardins Investments launched the Desjardins US Investment Grade Corporate Bond Index ETF (DUIG), which began trading this week.

The ETF seeks to replicate the performance of the Solactive Quarterly Select USD Investment Grade Corporate CAD Hedged TR Index while primarily investing in U.S. dollar-denominated investment-grade corporate bonds. The strategy carries a 0.15% management fee and expands Desjardins’ lineup of low-cost index-based fixed income ETFs.

Desjardins said the launch reflects continued demand for simple and diversified bond solutions as investors navigate changing interest rate conditions.

ETF Filings

Hamilton Files Bitcoin DayMAX ETF With Covered Call Overlay

Hamilton ETFs filed a preliminary prospectus for the Hamilton Enhanced Bitcoin DayMAX ETF (BDAY), the latest addition to its DayMAX ETF suite and Canada’s growing market for crypto-linked income strategies.

The proposed ETF aims to combine Bitcoin exposure with an actively managed ultra-short-term options strategy designed to generate monthly tax-efficient income while helping reduce volatility. The fund will also employ leverage, with aggregate leverage capped at approximately 25% of net asset value.

Hamilton said the filing builds on investor demand for income-oriented crypto products and coincides with the anniversary of Bitcoin Pizza Day, one of the most recognized milestones in Bitcoin’s history and adoption. The ETF is expected to seek listing approval on Cboe Canada under the ticker BDAY.

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.