Author: Freschia Gonzales

Additionally, all affected ETFs will receive new Committee on Uniform Securities Identification Procedures numbers (CUSIP), expected to be effective concurrently with the rebranding.

The BetaPro ETF family, which includes Canada’s only suite of leveraged, inverse, and inverse leveraged ETFs, will not be impacted by these updates and will retain their current names, tickers, and CUSIPs.

A significant update is that the ticker for the Global X Pipelines and Energy Services Index ETF will change from HOG to PPLN, effective on or about May 1. The complete list of ETFs undergoing name changes, along with their new CUSIPs, has been provided to ensure clarity for stakeholders.

Mehta further commented, “As we get ready to expand our product shelf as Global X and embrace new opportunities for investment innovation, Canadians can rest assured that our long-standing offerings will continue to be accessible and deliver effective exposure under their existing tickers.”

The updates are scheduled to take effect on the Toronto Stock Exchange on or about May 1, marking a significant step in the Horizons’ evolution and its commitment to providing innovative investment solutions in Canada.

Desjardins Investments Inc. (DI), serving as the manager for Desjardins Exchange Traded Funds (ETFs), has announced the launch of four new index exchange-traded funds.

These ETFs, having completed their initial offering of units, will begin trading on the Toronto Stock Exchange (TSX) today.

Frédérick Tremblay, managing director and head of Investment Solutions at Desjardins, expressed, “We’re proud to expand our range of Desjardins ETFs and launch these core components, designed to meet investors’ needs for diversification and portfolio construction, and to help empower them financially.”

In anticipation of this termination, TDAM aims to convert the ETFs’ holdings into cash, addressing any liabilities and obligations prior to distributing the residual net assets pro rata to unitholders based on each ETF’s net asset value per unit at the termination date. An ensuing press release near the termination date will provide further specifics of this process.

This strategic move is in line with TDAM’s ongoing evaluation and optimization of its product lineup, the firm said.. “It is crucial for us to consistently review our offerings and adjust in response to the changing needs of our investors and market dynamics,” a TDAM representative added in a statement.

Investors holding units in the terminating ETFs will be informed about the termination steps, including a notice dispatched at least two months before the termination date.

This announcement follows closely on the heels of TDAM’s expansion in its fixed income portfolio, introducing six new actively managed ETFs, namely the TD Target Maturity Bond ETFs (TD TMB ETFs).

The TD TMB ETF series encompasses: TD Target 2025, 2026, and 2027 Investment Grade Bond ETFs (TBCE, TBCF, TBCG) targeting Canadian bonds, along with TD Target 2025, 2026, and 2027 US Investment Grade Bond ETFs (TBUE.U, TBUF.U, TBUG.U) for American bonds.

The TD TMB ETFs, which is trading on the Toronto Stock Exchange (TSX), are designed to provide investors with various benefits, including diversification and professional management.

The newly launched TD TMB ETFs offer several key features to investors:

• Choice of Currency Exposure: Investors have the option to invest in investment-grade corporate bonds in either Canadian or US dollars by selecting the appropriate ETF and maturity year.
• Bond-like Maturity: These ETFs provide an opportunity to match investment cash flow needs with a specific maturity date, aiming to lessen sensitivity to interest rate changes as the ETF nears its maturity.
• Professional Management: TDAM’s Fixed Income Investment Team manages the TD TMB ETFs with a goal of minimizing credit risk and optimizing income potential through investment in investment-grade securities.
• Diversification: The ETFs aim to offer diversification by investing in a variety of bonds from different issuers and sectors, contributing to a potentially more stable fixed income portfolio.
• Enhanced Liquidity: With the flexibility of ETFs that trade during regular market hours, investors can adjust their portfolio allocation as their needs evolve.

Michael Augustine, managing director and head of Fixed Income and Asset Liability Management at TDAM, highlighted, “This launch showcases the value of our proprietary independent credit research capabilities and offers a compelling avenue for investors looking for potential attractive yields.”

Each TD TMB ETF is designed to generate regular income and preserve capital, focusing on investment-grade corporate bonds.

The Canadian Bond ETFs target Canadian corporate bonds denominated in Canadian dollars, while the US Bond ETFs focus on US corporate bonds denominated in US dollars.