Jovian launches first Canadian active ETF

CANADA - Jovian Capital Corporation has launched the first actively managed exchange traded funds (ETFs) in Canada, based on the S&P/TSX 60 indices. Jovian's subsidiaries AlphaPro and BetaPro Management launched the family of Horizons AlphaPro ETFs (HAX), based on large cap equity, income trust and equity-related securities of the top 60 stocks on the Toronto stock exchange. The company said its methodology used a combination of top-down research and proprietary cycle, sentiment and technical research analysis on the S&P/TSX 60 Index, which was provided by independent investment resear...