PayPal Holdings, Inc. (Cboe: ZPYP) Micron Technology, Inc. (Cboe: ZMIC) McDonald’s Corp. (Cboe: ZMCD) JPMorgan Chase & Co. (Cboe: ZJPM) Coinbase Global, Inc. (Cboe: ZCOI)
They hit the market on Thursday, continuing BMO’s streak of weekly CDR launches, which began last month. The bank now has 69 CDRs to its name, according to its CDR directory.
LongPoint Asset Management Inc. has launched another inverse-leveraged ETF, adding to its growing list of funds that are designed for placing short-term market bets.
The SavvyShort (-2X) Shopify ETF (TSX: SHPD) began trading on Monday. Before fees and expenses, the fund aims to provide investors with up to two times the inverse returns of Shopify Inc.
It complements the asset manager’s SavvyLong (2X) Shopify ETF (TSX: SHPU), which seeks to deliver up to two times the returns of the Canadian multi-national e-commerce company.
“These ETFs provide Canadian-domiciled, TSX-listed solutions that allow active investors to tactically position their portfolios around company-specific developments, technical indicators, market events, or fundamental outlooks,” LongPoint CEO Steve Hawkins said in a release.
Hawkins noted in the release that these ETFs are designed specifically for “knowledgeable, sophisticated Canadian investors who want to employ high-conviction, short-term trading strategies on well-known Canadian stocks.”
While leveraged and inverse-leveraged ETFs aim to deliver positive or negative multiples of an underlying index or asset’s performance over a specified time, they could also amplify losses. Advisors and investors should do research to understand the risks associated with these investments.
True Exposure Investments, Inc. has launched an ETF series for its TRU.X Exogenous Risk Pool alternative mutual fund.
The ETF series of the fund debuted on the TSX on Nov. 4 under the ticker symbol TERP.
In a release, the Toronto-based asset manager said the ETF series aims to invest in long and short positions of ETFs that hold gold bullion, U.S. Treasury securities and Cboe Volatility Index or VIX futures, “in order to first preserve, and then grow, investor capital through societal-level shocks to the market.”
As well, it said the ETF units “may use leverage through cash borrowing and short-selling of up to 50% of their net asset value and by investing in derivatives.”
The fund is designed to “offer lower correlation exposure, making it a timely option for risk-conscious investors,” said James Fraser, president and CEO of True Exposure, in the release.
BMO Investments Inc. says it’s planning to transfer the ETF series of six mutual funds from one exchange to another.
The ETF series, which are expected to be delisted from the TSX after market close on Nov. 26 and listed on Cboe Canada the following day, include:
Investor approval is not required for the change, as the funds will remain intact after the transfer.
CIBC Asset Management Inc. (CAMI) has announced upcoming changes to the portfolio management responsibilities for the CIBC Canadian Fixed Income Private Pool.
The changes, expected to take effect Dec. 15, will see CAMI, Canso Investment Counsel Ltd. and Devlin Capital Inc. manage the portfolio of the fund.
“With the addition of Devlin Capital Inc. as a sub-advisor, its strong fixed income expertise will be a valuable complement to the fund and will support CIBC Asset Management’s commitment to delivering strong results for clients,” a release said.
The Russell Investments Fixed Income Pool is set to undergo management fee changes in the new year.
Russell Investments says the fund’s management fee will drop by 15 basis points across its mutual fund and ETF series on Jan. 1, 2026.
“The change reflects Russell Investments’ commitment to enhancing investor outcomes and supporting advisors as Canada transitions to total cost reporting (TCR) — a move that will give investors a clearer picture of their all-in investment costs,” the firm said in a release.
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