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

CIBC Expands ETF Lineup Through Counterpoint Global Partnership

CIBC Global Asset Management launched four new ETFs developed in partnership with Counterpoint Global, the investment team within Morgan Stanley Investment Management. The new funds include the Counterpoint Global CIBC Global Permanence ETF (CCGP), Counterpoint Global CIBC International Permanence ETF (CCIP), Counterpoint Global CIBC U.S. Large Cap Growth ETF (CCUL), and Counterpoint Global CIBC U.S. Small Cap Growth ETF (CCUS).

The ETFs provide Canadian investors with access to Counterpoint Global's research-driven investment process across global, international, and U.S. equity mandates, further expanding CIBC's growing active ETF lineup.

LongPoint Adds New Leveraged Single-Stock ETFs

LongPoint Asset Management expanded Canada's only suite of double-leveraged single-stock ETFs with the launch of three new products.

The SavvyLong (2X) HOOD ETF (RBNU), SavvyLong (2X) META ETF (METU), and SavvyLong (2X) PLTR ETF (PLTU) provide two times the daily performance of Robinhood Markets, Meta Platforms, and Palantir Technologies, respectively. The ETFs trade on the Toronto Stock Exchange in Canadian dollars and are designed for investors seeking tactical exposure to individual U.S. stocks.

J.P. Morgan Expands Canadian Fixed Income ETF Platform

J.P. Morgan Asset Management Canada launched the JPMorgan Income ETF (JPIE), an actively managed fixed income strategy designed to generate higher income and total return potential than traditional core bond portfolios while maintaining a comparable risk profile.

The ETF invests across a diversified mix of fixed income and floating-rate securities while hedging currency exposure back to the Canadian dollar. The launch further expands J.P. Morgan's growing fixed income ETF presence in Canada.

ETF Filings

ETF Issuers Position for a Potential SpaceX IPO

Several Canadian issuers are preparing products tied to a potential SpaceX public listing.

Ninepoint Partners filed a preliminary prospectus for the Ninepoint SpaceX HighShares ETF (SXHI), which would combine direct exposure to SpaceX shares with a covered call strategy and modest leverage to generate monthly income. With a proposed management fee of 0.29%, the ETF would be among the lowest-cost single-stock covered call products in Canada.

Harvest ETFs also filed for the Harvest SpaceX Enhanced High Income Shares ETF (SPXE). The proposed ETF would seek leveraged exposure to SpaceX while generating monthly income through an active covered call strategy, extending Harvest's lineup of single-stock income products.

Mulvihill Expands Into Split Shares, Banks and Corporate Bonds

Mulvihill filed plans for four new ETFs spanning income, financials, and fixed income markets.

The proposed lineup includes the Mulvihill Split Preferred Share ETF (PFRD), Mulvihill Split Capital Share ETF (ASHR), Mulvihill Canadian Bank ETF (MBNK), and Mulvihill Corporate Bond Fund (CORP).

The filings would expand Mulvihill's ETF platform into Canadian split-share securities, bank equities, and corporate bond strategies while adding new income-oriented investment options for Canadian investors.

Other News

Fee Competition Continues Among Active Equity ETFs

Capital Group announced fee reductions across two of its active equity ETFs.

The management fee on the Capital Group Global Equity Select ETF (CAPG) will be reduced from 0.70% to 0.54%, while the Capital Group International Equity Select ETF (CAPI) will see its fee lowered from 0.70% to 0.58%. The reductions increase the competitiveness of both strategies within the active global and international equity ETF categories.

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.