Dynamic Funds and BlackRock Asset Management Canada Ltd., both based in Toronto, have launched an actively managed ETF. Dynamic iShares Active Investment Grade Floating Rate ETF is designed to provide a floating rate of interest income while preserving capital. To accomplish these goals, the fund invests primarily in Canadian investment-grade corporate bonds. The ETF also uses interest rate derivatives to mitigate the effects of interest rate fluctuations. As well, the ETF offers investors exposure to an active investment strategy managed by Marc-André Gaudreau, vice president and portfolio manager with 1832 Asset Management LP. Management fees for the ETF are 0.3%.