Manulife Investment Management Returns to Cboe Canada for Launch of New Yield Focused ETFs

TORONTO–(BUSINESS WIRE)–Today, Cboe Canada Inc. (“Cboe Canada”) is pleased to welcome back Manulife Investment Management as they launch two yield focused ETFs, which will trade on Cboe Canada under the symbols CYLD and UYLD.

The new funds are designed to provide consistent income and capital appreciation by investing primarily in dividend paying securities and related derivative instruments selected using a proprietary dividend screen. The Manulife Smart Enhanced Yield ETF (CYLD) invests in Canadian securities, while the Manulife Smart U.S. Enhanced Yield ETF invests in U.S. listed securities and is offered in hedged (UYLD), unhedged (UYLD.B), and USD units (UYLD.U).

“We’re excited to grow our ETF lineup with two new solutions for investors looking for income and long-term capital appreciation,” said Mark Bankay, Head of ETFs, Manulife Investment Management. “Utilizing a proprietary call-put strategy, the Manulife Smart Enhanced Yield ETF and Manulife Smart U.S. Enhanced Yield ETF can be useful solutions for advisors and individual investors alike to gain some equity exposure upside while mitigating downside market risks. And we’re excited to list these ETFs on Cboe Canada—they continue to be an innovator and advocate within the Canadian ETF industry.”

CYLD and UYLD join two Manulife ETFs already trading on Cboe Canada. Investors can trade units of all Manulife Investment Management ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.

“Congratulations to Manulife Investment Management, as they build out their product shelf, providing Canadian investors with an innovative means of improving regular income,” added Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. “Cboe is an unwavering advocate of diversity in choice for ETF investors and we are excited to continue to deliver on this mission through future collaborations with Manulife.”

Cboe Canada is home to over 290 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all Cboe-listed securities.

About Cboe Canada

Cboe Canada is Canada’s Tier 1 stock exchange, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.

Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.

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Cboe Canada Media Contact:

Manulife Media Contact:
Melissa Berczuk

Published on June 4, 2024

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