WisdomTree Canada launches 2 smart-beta fixed income ETFs

WisdomTree Asset Management Canada has launched two smart-beta fixed income ETFs:

• WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF (CAGG) and
• WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF (CAGS).

Read: Institutional investors use ETFs for fixed income, smart beta

CAGG seeks to enhance income potential by sourcing and re-weighting sub-components within the Bloomberg Barclays Canadian Aggregate Index (Canadian Agg). The fund seeks to track, to the extent possible, the price and yield performance of the Bloomberg Barclays Canadian Aggregate Enhanced Yield Index, before fees and expenses. The fund’s management fee is 0.18%.

Read: Were they right? This PM’s ‘not loading up on bonds’

CAGS seeks to enhance yield by sourcing and re-weighting sub-components within the one-to-five-year segment of the Canadian Agg. The fund seeks to track, to the extent possible, the price and yield performance of the Bloomberg Barclays Canadian Short Aggregate Enhanced Yield Index, before fees and expenses. The fund’s management fee is 0.18%.

WisdomTree Canada has completed the initial public offering of the non-hedged units of the funds, which begin trading today on the TSX.

Also read: Find value in emerging market debt

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.