New ETFs Provider To Enter The Canadian Market

Looks like the Canadian market will soon have an eighth ETF entrant.  FT Portfolios Canada Co has filed a preliminary prospectus with the Canadian securities regulatory authorities to launch it’s Canadian domiciled ETFs as reported in their press release.

The list of the new ETFs are as follows:

  • First Trust AlphaDEX Canadian Dividend Plus ETF
  • First Trust AlphaDEX U.S. Dividend Plus ETF (CAD‐Hedged)
  • First Trust AlphaDEX Emerging Market Dividend ETF (CAD‐Hedged).
  • First Trust AlphaDEX Global Energy Income Plus ETF (CAD‐Hedged)
  • First Trust Senior Loan ETF (CAD‐Hedged)

Although competition is nice, not so sure if more choices similar to what is already available is really necessary.

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