As the old expression goes, if you can’t beat them, join them. That’s exactly what mutual fund manager AGF Management Inc. (TSX:AGF.B) is doing, announcing it will launch seven new ETFs.
The new products will be actively managed by Highstreet Asset Management, a wholly owned subsidiary of AGF. The new ETFs will focus on “asset portfolio solutions designed to deliver better risk-adjusted returns.” Management fees will be reasonable, with all seven funds coming in between 0.45% and 0.55%.
The new funds include:
The QuantShares Enhanced Core Canadian Equity ETF (TSX:QCD), which will invest in Canadian stocks and seek to provide long-term capital appreciation with minimal volatility.
The QuantShares Enhanced Core U.S. Equity ETF (TSX:QUS), which seeks low volatility U.S. stocks with a goal to provide long-term capital appreciation.
The QuantShares Enhanced Core International Equity ETF (TSX:QIE) is much like the Canadian and U.S. ETFs, but it invests in international stocks instead.
Up next is the QuantShares Global Equity Rotation ETF (TSX:QGL) which will pick and choose particular global sectors. The fund may use ETFs as a way to get exposure to a certain part of the market.
The QuantShares MultiAsset Allocation ETF (TSX:QMA) and the QuantShares MultiAsset Income Allocation ETF (TSX:QMY) will both be balanced ETFs investing in both equities and fixed income. The latter fund will focus on income.
One thing investors should keep in mind is the size of these ETFs. They’re still quite small, with average assets under management of less than $3 million per fund.
