The exchange-traded fund marketplace in Canada is going to have more crowded, with Mackenzie Investments starting four fixed-income products and Toronto-Dominion Bank set to rejoin the after exiting about ten years ago.
Toronto-Dominion has filed documents for six new ETFs, including an international Canadian-dollar hedged equity fund and something Canadian bond ETF, according to filings with Canadian regulators. TD Asset Management spokeswoman Ana Aujla didn’t immediately return a note seeking comment.
Mackenzie Investments, one of Winnipeg, Manitoba-based IGM Financial Inc., plans to start four fixed-income ETFs, together with a floating-rate fund and an unconstrained bond fund, the filings show. Sphere Investment Management Inc., also plans to start ETFs later this season, according to filings.