Guardian Capital LP Launches First Suite of ETFs
August 11 2020 - 7:00AM
Guardian Capital LP (Guardian Capital) is pleased to announce the
launch of its inaugural suite of actively managed Exchange Traded
Funds (Guardian ETFs). Each Guardian ETF has closed its initial
offering of units and will commence trading today on the Toronto
Stock Exchange (TSX) when the market opens this morning. Each
Guardian ETF is offering hedged and unhedged units. Units of the
Guardian ETFs are denominated in Canadian dollars.
“Guardian Capital’s entry into the ETF
marketplace aligns with our innovative approach to investment
solutions,” said Barry Gordon, Managing Director and Head of
Canadian Retail Asset Management. “The development of these
outcome-oriented solutions will meet the broad needs of the
Canadian retail segment and their clients. We continue to find
opportunities that allow us to showcase our skilled management
teams, highly differentiated active equity strategies, and
solutions focused on solving decumulation challenges.”
The Guardian ETFs feature distinct attributes.
Guardian Directed Outcomes solutions combine high conviction ideas
with derivative overlays to seek high income and risk mitigation.
The Guardian Capital i3 Investments line adds value by fusing
artificial intelligence with human intelligence and innovation,
striving to deliver superior risk-adjusted returns.
Guardian Directed Equity Path ETF
(TSX: GDEP,
GDEP.B): This ETF seeks
to preserve the value of its investments and provide long-term
capital appreciation with reduced portfolio volatility, by
investing directly and indirectly primarily in global equity
securities of high quality companies. The ETF is constructed to
dynamically defend against market volatility. For investors looking
for deliberate downside protection to allow them to remain invested
in equity markets at all times, this strategy creates a new path
and steady income. The ETF intends to make monthly
distributions, if any, based on a targeted annualized monthly
distribution of 4% of the net asset value per unit at the end of
the prior year. The first distribution is expected in
September and will include a pro rated amount in respect of the
period from launch to the end of August.
Guardian Directed Premium Yield ETF
(TSX: GDPY, GDPY.B):
This ETF seeks to provide long-term capital appreciation and to
reduce portfolio volatility, by investing directly and indirectly
primarily in global equity securities of high quality companies.
The ETF is constructed to drive steady tax-efficient cash flow. It
utilizes option strategies to create a steadier return experience
through time, targeting a persistent and sustainable distribution
of 6% annually, payable monthly. The ETF intends to make
monthly distributions, if any, based on a targeted annualized
monthly distribution of 6% of the net asset value per unit at the
end of the prior year. The first distribution is expected in
September and will include a pro rated amount in respect of the
period from launch to the end of August.
Guardian i3 Global Quality Growth ETF
(TSX: GIQG, GIQG.B): This ETF seeks to achieve long-term
capital appreciation by investing in a portfolio of equity or
equity-related securities of issuers with business operations
located throughout the world. The ETF offers a global equity
strategy focused on identifying sustainable earnings growth from
high-quality companies and avoiding areas of weakness.
Guardian i3 US Quality Growth ETF (TSX:
GIQU, GIQU.B): This ETF seeks to achieve long-term capital
appreciation by investing in a portfolio of equity or
equity-related securities of issuers based in the U.S. with
business operations potentially located throughout the world. The
ETF offers a U.S. equity strategy focused on identifying
sustainable earnings growth from high-quality companies and
avoiding areas of weakness.
Guardian i3 Global REIT ETF (TSX: GIGR,
GIGR.B): This ETF seeks to provide exposure to the global
real estate market by investing in a diversified portfolio of
publicly traded real estate investment trusts and common stock of
real estate operating corporations, offering lower correlation to
traditional markets and sustainable dividend yields.
The Guardian i3 Global Quality Growth ETF,
Guardian i3 US Quality Growth ETF and Guardian i3 Global REIT ETF
currently intend on paying quarterly distributions commencing in
September, 2020. These ETFs do not have fixed distribution amounts;
the amount of ordinary cash distributions, if any, will be based on
the Manager’s assessment of the prevailing market conditions.
About Guardian Capital LP
Guardian Capital LP is the manager and portfolio
manager of the Guardian Capital Funds and each of the Guardian
ETFs. Additionally, Guardian Capital manages portfolios for defined
benefit and defined contribution pension plans, insurance
companies, foundations, endowments and third-party mutual funds.
Guardian Capital is a wholly-owned subsidiary of Guardian Capital
Group Limited. For further information on Guardian Capital, please
visit www.guardiancapitallp.com.
About Guardian Capital Group Limited
Guardian Capital Group Limited is a diversified
financial services company founded in 1962. Guardian operates in
two main business areas, Asset Management and Financial
Advisory. As of March 31, 2020, Guardian had C$27.5 billion
of assets under management and $18 billion of assets under
administration. Guardian offers institutional and private wealth
investment management services; financial services to international
investors; services to financial advisors in its national mutual
fund dealer, securities dealer, and insurance distribution network;
and maintains and manages a proprietary investment portfolio, which
had a fair market value of $524 million at March 31, 2020.
Its Common and Class A shares are listed on the Toronto Stock
Exchange; in 2019, Guardian celebrated 50 years as a listed
company. To learn more about Guardian, visit
www.guardiancapital.com.
For further information, please contact:
Angela Shim(416) 947-8009
Commissions, trailing commissions, management
fees and expenses all may be associated with an investment in
exchange traded funds (ETFs). Please read the prospectus before
investing. Important information about the ETFs is contained in
their prospectus. ETFs are not guaranteed; their values change
frequently and past performance may not be repeated. You will
usually pay brokerage fees to your dealer if you purchase or sell
units of an ETF on the TSX. If the units are purchased or sold on
the TSX, investors may pay more than the current net asset value
when buying units of the ETF and may receive less than the current
net asset value when selling them.
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