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Toronto-based Questrade Inc. is launching a suite of pre-built actively managed ETF portfolios for Canadians “looking for an alternative to traditional investments,” the online brokerage company has announced Saturday.

Questwealth Portfolios are “the substantially improved version of Questrade Portfolio IQ, one of the first robo-advisors in Canada to provide an alternative to mutual fund investing,” Questrade says in a news release. Questwealth Portfolios will replace any current Portfolio IQ accounts.

“We think this exciting new offering will not only interest people who have traditionally invested in mutual funds, but also appeal to those already invested in a robo-advisor, due to the ultra-low fees,” Edward Kholodenko, president and CEO, Questrade, says in a statement. “Canadians now have an even better investment alternative, so they can achieve their financial goals faster and keep more of their money.”

Management fees range from 0.20% and 0.25%.

The five globally diversified ETF portfolios also have responsible investment versions, ultimately giving customers a total of ten portfolios to choose from, Questrade says.

“We believe that the combination of ultra-low fees and actively managed portfolios will put Questwealth Portfolios at the forefront of robo-advisory services in Canada,” Kholodenko says.