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.
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of pension freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
The Pension Protection Fund (PPF) and The Pensions Regulator (TPR) are probing the sale of Johnston Press as concerns are raised over the impact on the publishing house's pension fund.
The Co-operative Group's pension scheme, Pace, will invest up to £50m into the social and affordable housing market over the next 12 months.