Market month: Fund news and updates

Fund news from Franklin Templeton, Global X, NBI, J.P. Morgan, BMO, plus SIMA’s monthly stats

Monitor the main stock and commodity indexes daily with the Fund Library’s interactive Markets Page.

Fund news

Franklin Templeton introduces core equity strategies

Franklin Templeton Canada on June 25 introduced its Franklin Core Equity suite of Canadian, U.S., and international strategies. Franklin Canadian Core Equity Fund, Franklin U.S. Core Equity Fund, and Franklin International Core Equity Fund will now be offered as an ETF series and series F.

• Franklin Canadian Core Equity Fund (TSX: FCRC)
• Franklin U.S. Core Equity Fund (TSX: FCRU)
• Franklin International Core Equity Fund (TSX: FCRI)

SIMA releases May fund industry statistics

The Securities and Investment Management Association (SIMA) on June 20 announced investment fund net sales and net assets for May 2025.

Mutual fund assets totalled $2.294 trillion at the end of May, up by $75.9 billion, or 3.4%, since April. Mutual fund net sales were $3.9 billion in May.

ETF assets totalled $573.9 billion at the end of May, up by $27.6 billion, or 5.0%, since April. ETF net sales were $8.8 billion in May.

May insights

• Mutual fund assets increased in May – the first gain after three consecutive months of decline.
• Mutual fund sales turned positive after outflows in April. Bond funds brought the largest share of inflows, as with every other month this year except April.
• ETF assets also rebounded in May after two consecutive months of decline.
• Bond ETF sales rose significantly from last month and, year to date, have accounted for 25% of total net sales. Just over one-third of all bond fund sales this year were short-term Canadian bond funds.

Visit the SIMA website to view the full report.

Global X launches four new leveraged U.S. ETFs

Global X Investments Canada on June 17 announced the launch of four new ETFs within its BetaPro by Global X suite that aim for three-times and minus three-times exposure to the Nasdaq-100 and S&P 500 indexes.

The New ETFs offer amplified exposure for sophisticated investors to two of the largest and most actively traded U.S. benchmarks.

Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The New ETFs employ currency hedging to seek to neutralize U.S. dollar exposure, providing performance that more accurately reflects the underlying U.S. equity indices.

• BetaPro 3x S&P 500 Daily Leveraged Bull Alternative ETF (TSX: TSPX) aims for +3x S&P 500 Index.
• BetaPro -3x S&P 500 Daily Leveraged Bear Alternative ETF (TSX: SSPX) aims for -3x S&P 500 Index.
• BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TSX:TQQQ) aims for +3x Nasdaq-100 Index.
• BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF (TSX: SQQQ) aims for -3x Nasdaq-100 Index.

The new ETFs are designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavour to correspond to 300% of the daily performance of the specified Underlying Index, or 300% of the inverse of the daily performance of the specified underlying Index.

The ETFs do not seek to achieve their stated investment objective over a period of time greater than one day and are not for investors who do not intend to actively monitor their investments daily. Any U.S. dollar gains or losses as a result of the ETFs’ investments will be hedged back to the Canadian dollar to the best of their ability.

National Bank debuts three new target date bond ETFs

National Bank Investments on June 17 announced the launch of three new target date investment grade ETFs:

• NBI Target 2026 Investment Grade Bond Fund – ETF Series (TSX: NTGA) with termination on November 30, 2026.
• NBI Target 2027 Investment Grade Bond Fund – ETF Series (TSX: NTGB) with termination on November 30, 2027.
• NBI Target 2028 Investment Grade Bond Fund – ETF Series (TSX: NTGC) with termination on November 30, 2028.

The funds’ investment objective is to provide current income and preserve capital over a predetermined period. Each fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of investment-grade debt securities of North American issuers with an effective maturity date in 2026 (NTGA), 2027 (NTGB), or 2028 (NTGC). As target maturity funds, the funds have a predetermined, specified lifespan.

J.P Morgan launches new actively managed ETF

J.P. Morgan Asset Management Canada on June 16 announced the launch of the JPMorgan US Core Active ETF (TSX: JCOR), designed to serve as a core holding within a diversified portfolio, offering investors a style-agnostic approach. The strategy emphasizes high-conviction stock selection grounded in deep fundamental research.

BMO debuts U.S. corporate culture-focused equity ETF

BMO Asset Management on June 12 announced the launch of a new corporate culture-focused equity ETF.

BMO Human Capital Factor US Equity ETF (CBOE CAN: ZHC) seeks to provide long-term capital appreciation primarily by investing, directly or indirectly, in equity securities of U.S. issuers that possess strong corporate culture. The ETF will primarily invest in companies that score highly in the management of human capital, which seeks to link company culture and equity performance in a quantifiable factor.

Global X terminates five ETFs

Global X Investments Canada Inc. on June 9 announced that it will be terminating five of its exchange traded funds effective at the close of business on or about Aug. 19, 2025.

• Global X Cybersecurity Index ETF (TSX: HBUG).
• BetaPro Equal Weight Canadian Bank 2x Daily Bull ETF (TSX: ATMU).
• BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF (TSX: ATMD).
• BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF (TSX: RITU).
• BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (TSX: RITD).

Disclaimer

© 2025 by Fund Library. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited.

The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

Image: iStock.com/leungchopan