Separately, BMO Asset Management launched the BMO Human Capital Factor US Equity ETF (Cboe: ZHC).
The ETF aims to provide long-term capital appreciation by investing in U.S. equity securities from companies that score highly in human resource management. It seeks to link company culture to equity performance.
BMO Asset Management will select securities using a methodology developed by Irrational Capital LLC, which considers factors such as direct managerial relationships, organizational alignment, engagement, extrinsic motivation and emotional connection.
ATB introduces two new funds
ATB Investment Management Inc. announced two new funds: the ATB Monthly Income Portfolio and the ATB Global Equity Pool.
The ATB Monthly Income Portfolio is designed for investors seeking stable, consistent income, such as those in retirement. The ATB Global Equity Pool targets investors looking for long-term growth and who are comfortable with global equity exposure.
Both funds consist of underlying funds managed in partnership with Canadian and U.S.-based firms, including Goldman Sachs Asset Management, Fiera Capital Corp. and Driehaus Capital Management.
“These new products align seamlessly with ATBIM’s established investment approach, which centres on strategic asset allocation, active investment management through diversification, and strong partnerships with specialized managers,” ATB said in a release.
Global X to close five ETFs
Global X Investments Canada Inc. will terminate five of its ETFs at the end of the business day on Aug. 19.
The affected ETFs are:
- Global X Cybersecurity Index ETF (HBUG)
- BetaPro Equal Weight Canadian Bank 2x Daily Bull ETF (ATMU)
- BetaPro Equal Weight Canadian Bank 2x Daily Bear ETF (AYMD)
- BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF (RITU)
- BetaPro Equal Weight Canadian REIT 2x Daily Bear ETF (RITD)
Beginning Aug. 11, no further direct subscriptions for the ETFs will be accepted, except in limited circumstances. The ETFs will be delisted from the Toronto Stock Exchange at the close of business on or about Aug. 13. All securities still held by investors will be subject to mandatory redemption.
CI proposes crypto staking strategy
CI Global Asset Management has proposed a staking strategy for the CI Galaxy Ethereum ETF (ETHX), which invests in the Ether cryptocurrency.
The proposal would allow the ETF to stake a portion of its Ether holdings to benefit unitholders by increasing total returns, CI said in a release.
CI is seeking unitholder approval to receive a portion of the net staking rewards. A unitholder meeting is scheduled for on or about Aug. 20. Full details will be available in July, with meeting materials to be mailed to unitholders on or about July 21, 2025.
Sapling launches M&A index
Sapling Financial Consultants released its Green Shoots M&A Index for Canada and the U.S. to predict M&A trends in the two markets, Sapling said in a release.
The index tracks U.S. and Canadian M&A volumes and macroeconomic and market
indicators. The U.S. model uses historical and forecasted deal activity with leading
signals to gauge sentiment and momentum. The Canadian index incorporates the U.S.
variables, which are strongly correlated with domestic M&A activity.
The index shows a rebound in U.S. deal flow, positioning Canadian M&A activity to follow, with growth forecast in June.
The index scored Canada at a predictive value of 44 and the U.S. at 43 out of 100. The number suggests a stable M&A environment with early signs of recovery. Canada had 241 M&A deals in May, whereas the U.S. saw 1,308. Sapling projects deals to increase to 247 in June for Canada and 1,388 in the U.S.
“Our models are forecasting a moderate uptick in activity, driven by improving domestic credit conditions and influence of U.S. deals,” Rob Hong, co-founder & CEO of Sapling Financial Consultants, said in a release.
Guardian Capital launches two bond funds
Guardian Capital LP has launched GuardBondsTM 2028 Investment Grade Bond Fund (GBFE) and GuardBondsTM 2029 Investment Grade Bond Fund (GBFF).
The two new ETFs, listed on Cboe Canada on June 3, are designed to provide a predictable stream of income and the option to hold to maturity.
The defined maturity ETFs are structured to hold a diversified portfolio of Canadian-dollar-denominated investment-grade bonds that mature in 2028 and 2029, respectively. The funds are actively managed and are expected to terminate on or about November 30 of their maturity year.
The funds aim to generate income over their lifespan by holding bonds to maturity rather than trading in and out of positions. Guardian Capital claimed that this structure can reduce price volatility and provide greater income predictability.
Wellington subsidiary partners with Fiera to launch investment fund
Independent Advisor Solutions Inc., a wholly owned subsidiary of Wellington-Altus Financial Inc., partnered with Fiera Capital Corporation to launch a new investment fund.
Canadian High Conviction Equities became available exclusively to Wellington-Altus advisors starting on June 9, 2025. Independent Advisor Solutions acts as investment sub-advisor for these portfolios.
Hamilton plans to launch three ETFs
Hamilton Capital Partners Inc. filed a preliminary prospectus with the Canadian securities regulators for three new ETFs.
The DayMAX ETFs are subject to regulatory approvals and aim to provide unitholders with income using zero-day-to-expiration options and a leverage of 25%.
Hamilton ETFs will apply for the conditional listing approval of the ETFs on the Toronto Stock Exchange and expects them to be listed as follows:
- Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY)
- Hamilton Enhanced U.S. Equity DayMAX ETF (SDAY)
- Hamilton Enhanced Technology DayMAX ETF (QDAY)
