Acuitas Small Cap Active ETF (AIMS) is an actively managed exchange-traded fund focused on small-capitalization equities in Canada. The ETF invests primarily in a portfolio of small-cap stocks selected through a proprietary quantitative process emphasizing value, momentum, and quality factors; it offers investors exposure to undervalued Canadian small-cap companies across diverse sectors including industrials, financials, materials, and consumer discretionary, with a targeted portfolio of 40-60 holdings to mitigate concentration risk. AIMS provides daily liquidity on the Toronto Stock Exchange under the ticker AIMS, with a management fee structure designed for cost efficiency in active small-cap investing.
Operated by Acuitas Investments Inc., the fund leverages the firm's expertise in bottom-up fundamental research and quantitative modeling to outperform the Russell 2000 Value Index benchmark; it targets long-term institutional investors, financial advisors, and high-net-worth individuals seeking small-cap alpha with lower volatility than passive indices. Geographically, AIMS concentrates on Canadian-listed small-cap equities, with headquarters for the manager in Vancouver, British Columbia, Canada, where Acuitas Investments was established in 1997 as a specialist in sustainable and quantitative equity strategies.
Recent developments include the launch of AIMS in late 2023 as Acuitas' flagship small-cap active ETF product, expanding the firm's offerings beyond traditional pooled funds; in 2025, Acuitas announced strategic enhancements to its quantitative model incorporating ESG integration and machine learning for improved stock selection, alongside a distribution partnership with a major Canadian wealth management platform to broaden retail access. The firm also completed a seed capital raise from existing institutional clients to support ETF growth, positioning AIMS for assets under management exceeding CAD 100 million by early 2026.