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INDUSTRY REVIEW

The Canadian ETF industry reached $249 billion in assets under management at the end of November compared to $200 billion one year ago for an annual growth rate of 24.5%. The number of ETFs continued to grow as our Canadian ETF database has surpassed the 1000 mark including all classes. This number includes more than 800 unique ETFs.

NEW LAUNCHES

It is TD’s turn to launch new ESG ETFs.

The geographic location is standard: Canada (TMEC-T), U.S. (TMEU-T) and international (TMEI-T). TD is not here to play around with management fees of 0.10%, 0.15% and 0.20% for the respective ETFs. They are one of the most competitive ETFs in terms of fees in the ESG space in Canada. As the ESG AUM continues to grow, we expect fees to decline as operational costs reduce as a percentage of AUM.

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Ninepoint joined the group as an ETF provider in Canada, although it is not new to the asset management industry. It will offer some of their funds as an ETF series. Investors have access to a new ETF that works like a saving account (NSAV-NE), a precious metals ETF focusing on gold (GLDE-NE), a mining sector ETF focusing on silver (SLVE-NE), and a different way to invest in corporate bonds with Ninepoint Diversified Bond Fund (NBND-T).

Manulife has launched 3 fixed income ETFs that should cover the basic needs for investors. Manulife Smart Short-Term Bond ETF (TERM-T) invests in short-term securities in Canadian corporations based on its current holdings. The low maturity is perfect for short-term objectives while providing higher yield than a government bond ETF. Manulife Smart Core Bond ETF (BSKT-T) is a standard Canadian bond universe that every investor should own. It is mostly investment grade, but the manager has the possibility to invest in higher yielding securities. Manulife Smart Corporate Bond ETF (CBND-T) gives exposure to the Canadian corporate bond universe and is diversified across sectors. Manulife has also launched one Canadian (CDIV-T) and one U.S. (UDIV-T) ETF focusing on high paying and sustainable dividend stocks.

Launches

TICKERNAMEASSET CLASSSUBCATEGORIESRISK RATINGINCEPTION DATEMGT. FEE
TERM-TManulife Smart Short-Term Bond ETFFixed IncomeCanada; Investment Grade;
Short-Term; Corporate
Low11/10/20200.20%
BSKT-TManulife Smart Core Bond ETFFixed IncomeCanada; Investment GradeLow11/10/20200.22%
CBND-TManulife Smart Corporate Bond ETFFixed IncomeCanada; Corporate;
Investment Grade
Low11/10/20200.24%
CDIV-TManulife Smart Dividend ETFEquityU.S.; DividendMedium11/10/20200.25%
UDIV-TManulife Smart U.S. Dividend ETFEquityU.S.; DividendMedium11/10/20200.33%
UDIV-B-TManulife Smart U.S. Dividend ETFEquityU.S.; DividendMedium11/10/20200.28%
NSAV-NENinepoint High Interest Savings FundFixed IncomeUltra Short-termLow11/19/20200.14%
SLVE-NENinepoint Silver Equities ClassEquityCanada; Material SectorHigh11/19/20201.50%
SLVE-U-NENinepoint Silver Equities Class ETFEquityCanada; Material SectorHigh11/19/20201.50%
GLDE-NENinepoint Gold and Precious Minerals FundCommodityMetal; GoldHigh11/19/20201.50%
GLDE-U-NENinepoint Gold and Precious Minerals FundCommodityMetal; GoldHigh11/19/20201.50%
NBND-NENinepoint Diversified Bond FundFixed IncomeGlobal; Corporate;
Cross-over
Low11/19/20200.75%
TMEC-TTD Morningstar ESG Canada Equity Index ETFEquityCanada; ESGMedium11/24/20200.10%
TMEU-TTD Morningstar ESG U.S. Equity Index ETFEquityU.S.; ESGMedium11/24/20200.15%
TMEI-TTD Morningstar ESG International Equity Index ETFEquityInternational; ESGMedium11/24/20200.20%

Terminations

TICKERNAMEASSET CLASSSUBCATEGORIESTERMINATION DATEMGT. FEE
RQHRBC Target 2020 Corporate Bond Index ETFFixed IncomeCanada; Corporate; Bullet11/13/20200.25%
RIGRBC Quant Global Infrastructure Leaders ETFEquityGlobal; Quality11/25/20200.55%
RIG.URBC Quant Global Infrastructure Leaders ETF (USD)EquityGlobal; Quality11/25/20200.55%
RGRERBC Quant Global Real Estate Leaders ETFReal EstateGlobal11/25/20200.55%
RGRE.URBC Quant Global Real Estate Leaders ETF (USD)Real EstateGlobal11/25/20200.55%
RLDRBC Strategic Global Dividend Leaders ETF EquityGlobal; Quality; Dividend11/25/20200.55%
RLERBC Strategic Global Equity Leaders ETFEquityGlobal; Quality11/25/20200.55%
RMBORBC 6-10 Year Laddered Canadian Corporate Bond Ladder ETFFixed IncomeCanada; Corporate; Laddered11/25/20200.25%

This report provided to the Globe and Mail by Inovestor

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