Manulife Investments today announced plans to launch a series of multifactor exchange traded funds in partnership with Dimensional Fund Advisors Canada ULC (DFAC) as a sub-advisor. The ETFs will seek to track indexes designed by Dimensional.
Manulife Investments will launch four multifactor equity ETF strategies spanning multiple geographies (Canadian Large Cap, Developed International, U.S. Large Cap and U.S. Mid Cap).
"A key component of our strategy is to employ only the highest quality managers for our investment platform, and that's precisely what we have gained with our Dimensional partnership," said Bernard Letendre, President, Manulife Investments. "ETFs have become an essential component of investors' portfolios, now we can offer Canadians a best-in-class product managed by the bench strength of Dimensional."
Manulife Investments' ETFs are scheduled to launch in April 2017.
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