Middlefield introduces actively managed ETFs

By Staff | February 19, 2019 | Last updated on February 19, 2019
1 min read
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Calgary-based Middlefield Group has launched a pair of actively managed ETFs by converting two of its closed-end mutual funds, the investment manager announced Tuesday.

Middlefield Healthcare & Life Sciences Dividend Fund and REIT INDEXPLUS Income Fund began trading on the Toronto Stock Exchange on Tuesday as Middlefield Healthcare & Life Sciences ETF (TSX: LS) and REIT INDEXPLUS ETF (TSX: IDR), respectively.

The conversions to ETFs were not taxable events for unitholders.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.