launch-new-product

Horizons ETFs Management (Canada) Inc. has launched the Horizons Cdn Select Universe Bond ETF (HBB). It provides low-cost and tax-efficient exposure to the Canadian investment-grade bond universe.

Read: Safety measures for swap-based ETFs

The ETF seeks to replicate the performance of the Solactive Canadian Select Universe Bond Index, net of expenses.

HBB will also be the first fixed-income ETF in Canada to use the total return swap structure, which can reduce the risk of tracking error.

HBB will begin trading today on the Toronto Stock Exchange.

Also read:

ETF inflows hit nine-month high

Understanding factor-indexed ETFs

Originally published on Advisor.ca

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