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The Canadian ETF industry is not slowing down despite market uncertainty. The industry welcomes its 28 issuer, Bristol Gate Capital Partners Inc., while another asset manager files a preliminary prospectus to enter the ETF space.
Bristol Gate introduced two actively managed dividend growers ETFs: Bristol Gate Concentrated Canadian Equity ETF ("BGC") and Bristol Gate Concentrated US Equity ETF ("BGU"). The ETFs typically invest in dividend-paying securities selected primarily from the S&P/TSX Composite Index for BGC and from the S&P 500 Index for BGU of six or more different sectors.
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An additional active manager is set to join the Canadian ETF Industry this year. Brompton Funds, an experienced investment fund manager with approximately $2-billion in assets under management, has filed a preliminary prospectus to launch its first suite of ETFs. Brompton intends to launch two actively-managed sector ETFs, covering the healthcare and technology industry. The move arises as sector and thematic ETFs gain popularity among investors.
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