The first half of 2025 was shrouded with uncertainty stemming from an array of headlines that took investors on a rollercoaster ride of challenges and opportunities. The economy was subject to the winds of tariffs and geopolitical tensions with the market reacting to each development.
The Fed remained unable to move on rates as Chair Jerome Powell cited that policymakers are “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”
NVIDIA rallied back to a record following a drop earlier this year. On Wednesday of this week, it became the first company to reach a US$4 trillion market cap.
NVIDIA single-stock ETFs experienced some of the best price returns in the month of June. NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD-NE) by Purpose Investments had a price appreciation of approximately 15%. The Harvest NVIDIA High Income Shares ETF (NVDH-T) and Harvest NVIDIA Enhanced High Income Shares ETF (NVHE-T) endured price movements that returned 10.7% and 14.2% respectively.
Additions
June welcomed 35 new ETFs for investors to choose from.
LongPoint ETFs
LongPoint Asset Management launched a series of double leveraged single stock ETFs that provide long exposure to some U.S. mega-cap stocks. Available in Canadian dollars, the new listings include popular stocks such as Alphabet (ALPU-T), Apple (AAPU-T), Amazon (AMZN-T), Microsoft (MSFU-T), NVIDIA (NDVU-T), and Tesla (TSLU-T).
Additionally, LongPoint added LFG Daily (2X) COIN Long ETF (COIU-T) and LFG Daily (2X) MSTR Long ETF (MSTU-T) for investors looking for 2X daily exposure to the common stocks of Coinbase Global Inc. and MicroStrategy Inc. respectively.
BetaPro ETFs
Backed by Global X Investments Canada Inc., BetaPro ETFs listed its 3x leveraged and inverse ETFs on the TSX. These ETFs offer three times leveraged exposure to the S&P 500 index (TSPX-T, SSPS-T) or the Nasdaq-100 (TQQQ-T, SQQQ-T). These 3x ETFs aim to provide investors with 300% of the daily performance of that index (or 300% of the opposite daily performance) and can make day trading easier for savvy and sophisticated investors.
Franklin Templeton ETFs
Franklin Templeton Canada Management added three new ETFs to its Core Equity suite.
The Franklin Canadian Core Equity Fund (FCRC-T) will invest primarily in a diversified portfolio of Canadian equity securities designed to serve as the core of their equity allocation.
The Franklin U.S. Core Equity Fund (FCRU-T) will invest primarily in a diversified portfolio of U.S. equity securities designed to serve as the core of their equity allocation.
The Franklin International Core Equity Fund (FCRI-T) will invest primarily in a diversified portfolio of non-North American developed market international equities designed to serve as the core of their equity allocation.
National Bank ETFs
National Bank Investments issued three target maturity bond funds to provide investors with fixed income solutions for their portfolios. Each NBI Fund will invest primarily in investment-grade debt securities of North American issuers with an effective maturity date in 2026 (NTGA-T), 2027 (NTGB-T), or 2028 (NTGC-T) for a low management fee of 0.15%.
Fidelity ETFs
Fidelity Investments Canada added two additional All-In-One ETFs to its lineup, listed on the Cboe Canada exchange. The Fidelity All-In-One Fixed Income ETF (FFIX-NE) offers exposure to a wide variety of fixed income securities. The Fidelity All-In-One Conservative Income ETF (FCIP-NE) follows a neutral mix guideline for asset allocation to achieve income and capital growth. Both Funds place more emphasis on Canadian fixed income securities.
Guardian Capital ETFs
The Cboe Canada exchange also welcomed two defined maturity ETFs by Guardian Capital. The GuardBonds 2028 Investment Grade Bond Fund (GBFE-NE) and GuardBonds 2029 Investment Grade Bond Fund (GBFF-NE) provide income over a pre-determined time horizon by investing in a portfolio consisting primarily of Canadian-dollar denominated investment grade bonds with an effective maturity in 2028 and 2029, respectively.
Crypto ETFs
XRP is a global digital currency used to facility transactions via a blockchain platform that is supported by a global community of business and developers.
Purpose Investments continues to offer investment options in the crypto space with the launch of its Purpose XSRP ETF in versions that are CAD-hedged (XRPP-T), unhedged (XRPP-B-T), and USD units (XSRPP-U-T) for investors to choose from for their portfolio construction.
Evolve Funds Group listed the Evolve XRP ETF (XRP-T, XRP-U-T) invests in the physical XRP digital asset in order to provide an easy way to hold XRP in a brokerage account.
3iQ, a digital asset manager, introduced the 3iQ XSRP ETF (XRPQ-T, XRPQ-U-T) to track the U.S. dollar price movements of XRP.
Other launches
Hamilton Capital Partners issued the U.S. version of the HAMILTON CHAMPIONS U.S. Dividend Index ETF (SMVP-U-T). Its objective is to provide exposure to blue-chip Canadian and U.S. companies with growing dividends.
J.P. Morgan Asset Management launched the JPMorgan US core Active ETF (JCOR-T), which is designed to provide high total return primarily through a portfolio of U.S. large cap stocks. The fund will maintain sector weightings similar to the S&P 500 Index, seeking to outperform the index with similar volatility.
The Harvest Apple Enhanced High Income Shares ETF (APLE-T) invests all its assets, directly or indirectly, in shares of Apple. The fund employs an active covered call writing strategy on up to 50% of the portfolio to provide high monthly cash distributions to its unitholders and applies a modest leverage at around 25% for higher income and growth potential.
BMO Global Asset Management expanded its investment product line with BMO Human Capital Factor US Equity ETF (ZHC-NE). Listed on the Cboe Canada exchange, the fund invests primarily in U.S. companies that score highly in the management of human capital using third party data developed by Irrational Capital LLC.
Desjardins Investments created the Desjardins Quebec Equity ETF (DMQC-T), which invests in a portfolio of publicly traded Quebec corporations of small, medium and large capitalization in various sectors. The corporations based in Quebec are those that have their headquarters and administrative offices in Quebec.
BlackRock launched the iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) (XTOH-T) as a low cost option for investors seeking to replicate the performance of the S&P Total Market Index (CAD-Hedged) index.
Amy Mak is ETF Specialist at Inovestor.
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