Here are new ETFs for Canadian investors

Article Excerpt

This month we highlight a U.S. small and mid-cap ETF that aims to invests in companies with long-term competitive advantages. We also look at a “green” bond ETF from CI Asset Management. VANECK MORNINGSTAR SMID MOAT ETF $25.76 (New York symbol SMOT) invests in U.S.-domiciled small and medium-size companies. The ETF aims to track the Morningstar Small-Mid Cap Moat Focus Index. That targets a group of at least 75 small and mid-cap companies that Morningstar considers to have long-term competitive advantages. The fund, launched on October 4, 2022, charges a management fee of 0.49%. It holds $12.5 million of assets. Top holdings include Ionis Pharmaceuticals, Ameriprise Financial, Rockwell Automation, Crane Holdings, and Biomarin. VanEck also previously launched other similar ETFs, including the VanEck Morningstar Wide Moat ETF (symbol MOAT) launched in 2012. That ETF holds assets of $5.9 billion and has beaten the S&P 500 by a small margin since its launch. The VanEck Morningstar SMID Moat ETF is okay to hold for aggressive investors. CI GLOBAL GREEN BOND ETF $20.00 (Toronto…