Fidelity Investments has launched two asset allocation ETFs in Canada constructed primarily from existing factor ETFs offered by the firm.

Toronto-headquartered Horizons ETFs has launched the world’s first thematic ETF targeting companies involved in the development of therapeutic solutions using psychedelics.

RBC iShares has introduced four new asset allocation ETFs on TSX aimed at investors seeking globally diversified, ESG-guided multi-asset exposure via a single ticker.

Horizons has launched a new ETF in Canada providing tax-efficient exposure to emerging market equities.

Horizons ETFs Canada has slashed the management fee on the Horizons Gold ETF (HUG CN) from 0.65% to 0.20%, making it one of the lowest-cost gold ETFs in Canada. Steve Hawkins, President and CEO of Horizons ETFs, said, “Our fee reduction represents more than a two-thirds decrease in the management fee of the ETF – a significant cost savings opportunity that we are happy to pass on to investors looking for a low-cost ETF solution to obtain exposure to gold.”

Horizons ETFs Canada has lowered the total cost of ownership of the Horizons Nasdaq 100 Index ETF (HXQ CN) by switching the fund’s replication method from synthetic to direct physical replication. Following the change, the fund is now the cheapest ETF in the country to provide exposure to the pre-eminent large-cap growth index.

Canadian ETF issuer CI First Asset has launched its first fund aimed at environmental, social, and governance (ESG) conscious investors: the CI First Asset MSCI World ESG Impact ETF (CESG CN) on NEO Exchange. Rohit Mehta, President of CI First Asset ETFs, said the fund provides “a meaningful way for investors to diversify their portfolios while allocating capital towards some of today’s most pressing global issues.”

Horizons ETFs has lowered the management fees on three Toronto-listed ETFs providing exposure to Canadian banking stocks, REITs, and preferred shares. Steve Hawkins, President and CEO of Horizons ETFs, said, “Not only will these ETFs be offered at lower fees than most other similar competitor products, but these ETFs also have the added value of offering low potential for tracking error, which can be an issue, particularly with income-generating ETFs like preferred shares.”

Horizons ETFs Canada has reduced the management fee on ETFs providing exposure to blockchain technology, industry 4.0, and robotics and automation. Steve Hawkins, President and CEO of Horizons ETFs, commented, “We have implemented significant management fee reductions to align the ETFs in our line-up and to further enhance their appeal for investors seeking to invest in the long-term growth potential of these technologies.”

Horizons ETFs has expanded its suite of asset allocation solutions with the launch of a new ETF portfolio on Toronto Stock Exchange. The Horizons Growth TRI ETF Portfolio (HGRO CN) is structured as an ETF of ETFs and provides 100% developed market equity exposure by investing in other Horizons ETFs. Steve Hawkins, President and CEO of Horizons ETFs, commented, “While mutual funds may have historically dominated the one-ticket-solution investing space…today’s Canadian marketplace is seeing significant demand from retail and institutional investors for one-ticket ETF solutions.”