First Asset expands US$ actively managed ETF LineupBy The IJ Staff | December 12 2017 11:30AM
First Asset Investment Management has announced that US$ units of First Asset Investment Grade Bond ETF began trading Dec. 12 on the Toronto Stock Exchange as an exchange-traded fund under the ticker symbol FIG.U.
Canadian dollar units have been available since August 2016, trading under the symbol FIG.
First Asset says that the ETF, actively managed by Marret Asset Management, aims “to provide exposure to a high quality, diversified mix of investment grade corporate bonds from issuers in Canada, the US and Europe.”
Under normal market conditions, the ETF will be primarily invested in investment-grade bonds and other investment-grade debt securities, says the company.