Purpose launches managed duration investment grade bond ETF on TSX

Jun 22nd, 2018 | By | Category: Fixed Income

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Purpose Investments has launched the actively managed Purpose Managed Duration Investment Grade Bond Fund. The ETF has been listed on the Toronto Stock Exchange (TSX), under ticker IGB, and is also available in Series A and Series F mutual fund shares.

Purpose Investments launches actively-managed income-focused ETFs

Som Seif, president and chief executive officer of Purpose Investments.

“We are delighted to continue the expansion of Purpose’s ETF lineup, providing investors with maximum access and flexibility to our innovative products,” said Som Seif, president and chief executive officer of Purpose Investments.

“[The] Purpose Managed Duration Investment Grade Bond Fund is one of very few investment grade bond funds available in the tax-advantaged corporate class structure.

“With active duration management, a focus on capital preservation, and a tax-advantaged yield, we believe this Fund provides a unique and compelling way to invest in fixed income markets in a rising-interest-rate environment.”

IGB provides investors with exposure to a diversified portfolio of corporate, government and/or other debt-like securities, including corporate bonds, notes, floating rate notes, convertible bonds, preferred shares, bank loans, government bonds or other income-producing securities.

It is most highly exposed to real estate (25.3%), followed by financials (23.1%) and energy (19.1%).

The fund is managed by Sandy Liang, a credit expert with significant experience in researching, analysing and investment in fixed income markets.

It has a management fee of 50bps.

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