XTF Capital has announced the launch of their latest ETFs, the Morningstar Canada Value Index ETF and Morningstar Canada Momentum Index ETF, which began trading on the TSX this morning.
The Value Index fund is comprised of liquid Canadian equities screened for low price-to-earnings ratios, low price-to-cash flow ratios, low price-to-book value and sales, and upward earnings estimate revisions.
The Momentum Index includes liquid Canadian equities with above-average returns on assets and equity. There is an emphasis on upward earnings estimate revisions and technical price-momentum indicators.
In addition, XTF Capital will launch two more ETFs this coming spring: The Morningstar Canada Liquid Bond Index ETF and XTF Morningstar Emerging Markets Composite Bond Index ETF.
The Liquid Bond Index incorporates the most liquid Canadian dollar-denominated government and investment-grade corporate bonds, while the Emerging Markets Composite Bond Index includes sovereign and corporate bonds issued in U.S. dollars by governments and corporations in Latin America, emerging Europe, Africa, Middle-East and Asia.