Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) TSX

50.54

-0.01(-0.02%)

Updated at October 17 03:59PM

Currency In CAD

Global X Canadian Select Universe Bond Index Corporate Class ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Bonds

Employees

N/A

First IPO Date

May 08, 2014

Key Executives

N/A

Description

The fund provides exposure to an index of investment-grade corporate and government bonds issued in Canada. Eligible securities must be CAD denominated, have an investment-grade credit rating, have an effective time to maturity of at least 12 months, and have an amount outstanding of not less than 100 million CAD for corporate bonds and 50 million CAD for government bonds. Constituents are market-value weighted and rebalanced on a monthly basis. The fund is designed for investors who are seeking low cost exposure to a diversified portfolio of corporate and sovereign debts in Canada.