Direct indexing and predictions market launches highlight focus on Canadian market
Direct indexing and predictions market solutions are coming to the Canadian market as two US investment firms expand their focus north of the border.
Envestnet has launched its innovative addition to personalized portfolio management, a first of its kind in Canada direct indexing solution that is model-traded and held within a Unified Managed Account (UMA).
The firm is keen to enhance its offering in Canada, building on collaborations with Wellington-Altus and Manulife among others.
"As we continue to deepen our presence in Canada, our goal is to provide advisors with tools to meet the evolving needs of their clients," said Michael Featherman, Head of Investment Consulting & Distribution for Envestnet. "This is the first time in the Canadian market that Direct Indexing has been integrated into a Unified Managed Account structure, giving advisors a powerful tool to offer true portfolio personalization at scale. We believe this innovation will redefine the way Canadian investors access tailored wealth management solutions, bringing them greater control, efficiency, and flexibility."
Meanwhile, Interactive Brokers is launching its predictions market solution in Canada.
Already operating in the US, the firm’s Forecast Contract enable investors to trade directly on the outcomes of events that impact the markets such as political decisions, electronic data releases, and climate trends with options for ‘yes’ or ‘no’ outcomes and is available through the firm’s trading platforms and a dedicated web platform.
"Forecast Contracts allow investors to engage with the most important questions driving today's markets, from inflation and interest rates to geopolitical developments and climate change," said Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers. "They provide a direct and accessible way to manage risk and express market views through a focused, easy-to-use platform."
