New equity and fixed income ETFs launch as Franklin Templeton schedules four fund closures for June
Invesco, RBC iShares and Franklin Templeton have each released fund updates this week, with new ETF offerings and scheduled fund terminations.
Invesco launches Canadian equity equal weight ETF
Invesco Canada Ltd. has launched the Invesco S&P/TSX 60 Equal Weight Index ETF (EQLT), which provides equally weighted exposure to the S&P/TSX 60 Index.
It is the only ETF that tracks this index with equal weighting. EQLT seeks to replicate the performance of the S&P/TSX 60 Equal Weight Index and will be rebalanced quarterly.
Trading began on April 3, on the Toronto Stock Exchange.
EQLT joins Invesco’s Equal Weighted ETF Suite, which includes:
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Invesco S&P 500 Equal Weight Index ETF (EQL, EQL.F, EQL.U)
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Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI)
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Invesco S&P Europe 350 Equal Weight Index ETF (EQE, EQE.F)
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Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ, QQEQ.F)
According to Invesco, the suite has approximately $2.5bn in assets under management.
RBC iShares adds four fixed income ETFs
RBC iShares launched four ETFs on April 3, 2025, expanding both its short-term and target maturity bond offerings:
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RBC Canadian Ultra Short Term Bond ETF (RUST): Targets investment-grade corporate bonds with maturities under one year. It carries a 0.20 percent management fee.
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RBC Target 2031 Canadian Government Bond ETF (RGQT): 0.15 percent management fee
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RBC Target 2031 Canadian Corporate Bond ETF (RQT): 0.20 percent management fee
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RBC Target 2031 U.S. Corporate Bond ETF (RUQT / RUQT.U): 0.20 percent management fee
These ETFs are managed by RBC Global Asset Management Inc. and are now trading on the TSX.
The RBC Target Maturity Bond ETF suite now spans maturities from 2025 to 2031, with a combined AUM of approximately $4bn, according to Bloomberg data as of March 31.
Franklin Templeton to close four funds in June
Franklin Templeton Canada will terminate four mutual funds on or around June 13:
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FT Balanced Growth Private Wealth Pool
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FT Balanced Income Private Wealth Pool
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FT Growth Private Wealth Pool
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Franklin Martin Currie Improving Society Fund
As of April 3, Franklin Templeton has stopped accepting new investments into series A, F and O units of these funds. Investors can switch or redeem their holdings before June 12.
Remaining units in non-registered accounts will be liquidated at fair market value; units in registered accounts will be switched into corresponding units of the Franklin Canadian Money Market Fund.
Franklin Templeton stated that no fees will apply to the terminations. A formal termination notice will be issued at least 60 days before the closure.
