Fund roundup: New launches target AI, bonds, dividends and triple-leveraged strategies

Mackenzie Investments, Manulife Investment Management, CI Global Asset Management (CI GAM), and LongPoint Asset Management have launched new fund products, expanding access across equity, fixed income, AI, and leveraged strategies. Below are the key launch details. 

Mackenzie Investments has introduced two mutual funds: Mackenzie International All Cap Equity Fund and Mackenzie US Value Fund.  

The international fund is managed by Mackenzie’s Europe and Asia teams and invests across market caps and styles. It focuses on global diversification outside North America. 

The US Value Fund is sub-advised by Putnam Investments and invests in undervalued US companies with strong cash flow. It uses a concentrated portfolio approach, with emphasis on stock selection and risk management. 

Manulife Investment Management has launched ETF series of four existing mutual funds, all now trading on the Toronto Stock Exchange.  

The new series provide intraday liquidity and additional structuring options for advisors. 

• Manulife Core Plus Bond Fund – ETF Series (MCOR): invests in investment-grade and high-yield government and corporate bonds. 

• Manulife Fundamental Equity Fund – ETF Series (MFUN): offers exposure to Canadian, US, and global equities. 

• Manulife Canadian Equity Class – ETF Series (MCAN): focuses on Canadian equities. 

• Manulife Dividend Income Fund – ETF Series (MDIF): holds global dividend-paying equities, with fixed monthly income. 

CI Global Asset Management has launched mutual fund versions of three of its ETFs through a dual-class structure. These funds are now available in Series A, F, I, and P. Management fees range from 0.25 percent to 0.55 percent. 

• CI Global Artificial Intelligence Fund (formerly CIAI): actively managed portfolio of 40–50 AI-related global companies. Risk rating: High. Fee: 0.55 percent. 

• CI Global Minimum Downside Volatility Index Fund (formerly CGDV / CGDV.B): replicates a developed markets index focused on downside volatility. Risk rating: Low-to-Medium. Fee: 0.30 percent. 

• CI U.S. Enhanced Value Index Fund (formerly CVLU / CVLU.B): tracks large- and mid-cap US equities with high value scores. Risk rating: Medium. Fee: 0.25 percent. 

LongPoint Asset Management will launch Canada’s first domestically listed triple-leveraged index ETFs on May 23.  

These ETFs target 3X and -3X daily returns of broad equity indices and will trade in Canadian dollars on the TSX. Five more leveraged ETFs are scheduled to list May 29. 

Launching May 23: 

• MegaLong (3X) ETFs: QQQU (NASDAQ-100), SPYU (S&P 500), SOXU (US Semiconductors) 

• MegaShort (-3X) ETFs: QQQD (NASDAQ-100), SPYD (S&P 500), SOXD (US Semiconductors) 

Launching May 29: 

• MegaLong (3X): TLTU (20+ Year US Treasuries), BNKU (Canadian Banks), CGMU (Canadian Gold Miners) 

• MegaShort (-3X): TLTD (20+ Year US Treasuries), CGMD (Canadian Gold Miners) 

These ETFs do not hedge US dollar exposure. They are designed for daily use by experienced investors focused on short-term tactical trading.