Manulife has announced the launch of two new Manulife multifactor exchange traded funds. The funds are sub-advised by Dimensional Fund Advisors Canada ULC.
The Manulife Multifactor Canadian SMID Cap Index ETF and the Manulife Multifactor U.S. Small Cap Index ETF began trading on the TSX Nov. 27.
Managed by Dimensional Fund Advisors
"Manulife Investments is focused on creating a holistic suite of value-added investment products for Canadians," stated Bernard Letendre, President, Manulife Investments in an announcement. "These two new offerings to our ETF platform, managed by Dimensional Fund Advisors, helps move us closer to that goal."
The indices that these ETFs are designed to track were developed by Dimensional, using their multifactor approach and taking into account efficient implementation of those strategies into indices, using Dimensional's proprietary Index MemoryTM* technique, says Manulife.