CANADA - Jovian Capital Corporation has launched the first actively managed exchange traded funds (ETFs) in Canada, based on the S&P/TSX 60 indices.
The company said its methodology used a combination of top-down research and proprietary cycle, sentiment and technical research analysis on the S&P/TSX 60 Index, which was provided by independent investment research house Phases & Cycles.
Howard Atkinson, president of AlphaPro and BetaPro, said the new active ETFs were the next evolution in ETF investing, and added: "[This provides] investors with a new approach to active management that includes all the benefits of an ETF: intra-day liquidity, tax efficiency and at a lower cost than traditional mutual funds.
"We are pleased to be utilizing the proven research methodology of Ron Meisels, president of Phases & Cycles, in HAX, the first active ETF in our AlphaPro ETFs family."
Jovian said the HAX portfolio was designed of long term growth, and would over or under-weight constituent stocks within the index as it saw fit.
Here they are - the winners of the UK Pensions Awards 2019...
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.