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

Latest ETF Launches

Harvest Adds More Leverage and Covered Calls to Its Income Lineup

Harvest ETFs expanded its High Income Shares range with five new ETFs.

The Harvest All-In-One High Income Shares ETF (HONE) combines Harvest’s U.S., Canadian and international High Income Shares strategies in one portfolio, providing exposure to 50 companies across three markets. Its underlying ETFs use covered calls alongside roughly 25% leverage to support monthly distributions.

Harvest also launched four single-stock strategies: the Harvest ASML Enhanced High Income Shares ETF (ASME), Harvest Berkshire Hathaway Enhanced High Income Shares ETF (BRKE), Harvest Intel Enhanced High Income Shares ETF (INTE) and Harvest Micron Enhanced High Income Shares ETF (MUHE).

Each combines exposure to its respective company with active covered calls on as much as 50% of the portfolio and approximately 25% leverage. Initial monthly distributions range from $0.06 to $0.30 per unit, with first payments scheduled for November 6.

Fidelity Brings Quantitative Stock Selection to Global Equities

Fidelity Investments Canada launched the Fidelity Global Quant Equity ETF (FGQE).

The actively managed ETF invests globally using Fidelity’s quantitative research platform, which analyzes large datasets to identify stock opportunities through a systematic process.

FGQE is positioned as a diversified core global equity strategy rather than a narrowly targeted factor or thematic fund.

Manulife Expands Across Equity and Fixed Income

Manulife Investments expanded its ETF lineup with four funds spanning all-in-one portfolios, international dividends and corporate bonds.

The Manulife All-Equity ETF Portfolio (MEQP) is an actively managed all-in-one portfolio providing diversified global equity exposure through ETFs and derivatives, while the Manulife All-Fixed Income ETF Portfolio (MBND) takes a similar portfolio approach across global fixed income.

The Manulife Smart International Dividend ETF – USD (IDUV.U) focuses on international dividend-paying companies while targeting U.S. dollar income and long-term growth. An ETF series of the Manulife Corporate Bond Fund (CORB) provides more targeted exposure to Canadian and U.S. corporate credit across both investment-grade and high-yield bonds.

National Bank Expands Across Equity Income and Fixed Income

National Bank Investments launched five ETF series spanning covered calls, enhanced equity income, target-date bonds and ultra-short fixed income.

The NBI U.S. Equity Covered Call Fund (NUCC) and NBI International Equity Covered Call Fund (NICC) combine equity exposure with covered call strategies designed to generate additional income.

The NBI U.S. Equity Enhanced Yield Fund (NSUY) takes a more flexible approach, with the ability to use derivatives, borrowing and short selling. Aggregate gross leverage is capped at 150% of NAV.

On the fixed income side, the NBI Target 2032 Investment Grade Bond Fund ETF Series (NTGG) invests toward a November 2032 target date and is designed to gradually shift primarily into cash as that date approaches, although it does not guarantee a fixed maturity payment.

National Bank also introduced an ETF series of the NBI Ultra Short-Term Fixed Income Fund (NUST), providing exchange-traded access to its existing ultra-short-term fixed income strategy.

Middlefield Adds More Flexibility to Fixed Income

Middlefield launched an ETF series of the Middlefield Alternative Global Fixed Income Fund (MAGF).

The actively managed strategy has no benchmark and can invest across global bond markets while taking both long and short credit positions. It can also use derivatives, leverage and active duration positioning as market conditions change.

That flexibility gives MAGF a considerably broader mandate than a traditional bond index ETF.

Mackenzie Pairs Global Equities With Gold

Mackenzie Investments launched the Mackenzie Global Equity & Gold Overlay ETF (MGEG), combining an actively managed global equity portfolio with a strategic 50% notional allocation to gold futures.

Using futures allows the ETF to maintain its equity exposure while layering gold on top as a separate diversification sleeve. MGEG carries a 1.15% management fee.

Mackenzie also introduced three systematic equity ETFs under its new Modus lineup.

The Mackenzie Modus Global Equity ETF (MMGL) targets global mid- and large-cap companies, while the Mackenzie Modus International Equity ETF (MMEA) focuses on developed markets outside the U.S. and Canada. The Mackenzie Modus Global Small-Mid Cap Equity ETF (MMSD) targets smaller companies globally.

All three use a rules-based process built around value, momentum, quality and low-volatility factors, while seeking to limit unintended exposures to factors such as sector, country, size and liquidity.

Regulatory Filings

Desjardins Files Five ETFs Across High Yield and Asset Allocation

Desjardins filed for five new ETFs, including the Desjardins US High Yield Bond Index ETF (DUHY) and four diversified asset allocation strategies.

DUHY would track the Solactive USD High Yield Corporate Bond Issuer Capped CAD TR Hedged Index and charge a 0.40% management fee.

The Desjardins Conservative ETF (DJCN) would target 56% fixed income, 40% equities and 4% alternatives.

The Desjardins Balanced ETF (DJBL) would hold 59% equities, 36% fixed income and 5% alternatives.

The Desjardins Growth ETF (DJGR) would increase equities to 79%, with 15% fixed income and 6% alternatives, while the Desjardins Equity ETF (DJEQ) would hold 97% equities and 3% alternatives.

Each of the four asset allocation ETFs would carry a 0.25% management fee.

Product Updates

Ninepoint Partners proposed replacing variable operating expenses with fixed administration fees across certain funds and lowering management fees on four ETF series. The Ninepoint Diversified Bond Fund (NBND) would see its fee fall from 0.75% to 0.65%, while the Ninepoint Energy Fund (NNRG, NNRG.U), Ninepoint Energy Income Fund (NRGI) and Ninepoint Gold and Precious Minerals Fund (GLDE) would each drop from 1.50% to 1.35%. Securityholders are expected to vote around November 19, with approved changes targeted to take effect January 1, 2027.

This article was written on October 3rd, 2026. 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.