Vanguard Canadian Government Bond Index ETF (TSX: VGV)
seeks to track the performance of the Bloomberg Barclays Global Aggregate
Canadian Government Float Adjusted Bond Index, a broad index of
investment-grade Canadian government fixed-income securities. MER: 0.25%.
Vanguard Canadian Corporate Bond Index ETF (TSX: VCB)
tracks the Bloomberg Barclays Global Aggregate Canadian Credit Float
Adjusted Bond Index, a broad Canadian credit bond index of investment-grade
non-government fixed income securities listed in Canada. MER: 0.23%.
Vanguard Canadian Short-Term Government Bond Index ETF (TSX: VSG)
tracks the Bloomberg Barclays Global Aggregate Canadian Government 1-5 Year
Float Adjusted Bond Index, a broad index of investment-grade Canadian
government fixed-income securities with a short-term dollar-weighted
average maturity. MER: 0.18%.
Vanguard Canadian Long-Term Bond Index ETF (TSX: VLB)
tracks the Bloomberg Barclays Global Aggregate Canadian 10+ Year Float
Adjusted Bond Index of investment-grade Canadian fixed-income securities
with a long-term dollar-weighted average maturity.
“Bond ETFs provide a low cost, liquid and transparent alternative to
holding bonds directly,” said Tim Huver, head of product, Vanguard
Investments Canada Inc. “These ETFs provide the flexibility to position
portfolios along the yield curve and take advantage of targeted exposure to
corporate and government bonds.”
* Excel to merge funds.
Excel Funds Management Inc.
said that effective March 30, it expects to merge the
Excel Billionaire Leaders Fund
Excel Blue Chip Equity Fund
Excel Latin America Fund
Excel Emerging Markets Fund
Unitholders of the discontinued funds will will receive securities of the
equivalent series of the surviving funds determined on a dollar-for-dollar
basis. Units of the Excel Billionaire Leaders Fund and Excel Latin America
Fund are no longer offered for sale. Unitholder approvals for the mergers
will be sought at special meetings to be held on or about March 24, 2017.
* Hamilton Capital launches dividend ETF.
Hamilton Capital Partners Inc. debuted its go-anywhere
Hamilton Capital Global Financials Yield ETF (TSX: HFY), which holds an actively managed portfolio of shares of financial services
companies from anywhere in the world.
“Canadian yield-oriented investors are limited by a comparatively small,
concentrated, and highly correlated domestic financial services sector. By
investing in the global financial sector, the investment universe expands
to include thousands of companies, including over 400 financials with
dividend yields above 5%,” said Rob Wessel, Managing Partner, Hamilton
According to a Hamilton Capital press release, the fund is expected to hold
between 50 and 80 dividend-paying stocks in the financial services sector
with geographic exposure to more than 10 countries, including but not
limited to, commercial and investment banks, insurance companies,
brokerages, asset managers, exchanges, real estate investment trusts, and
other investment companies.
* BlackRock moves five ETFs to NEO Exchange.
BlackRock Asset Management Canada
confirmed its previous announcement made on Sept. 13, 2016, of its
intention to change the listing venue for the common and advisor class
units of the following funds to the Aequitas NEO Exchange
from the Toronto Stock Exchange:
iShares International Fundamental Index ETF (TSX: CIE, CIE.A)
iShares Japan Fundamental Index ETF (CAD-Hedged) (TSX: CJP, CJP.A)
iShares US Fundamental Index ETF (TSX: CLU, CLU.A, CLU.B, CLU.C)
iShares Emerging Markets Fundamental Index ETF (TSX: CWO, CWO.A)
iShares Canadian Fundamental Index ETF (TSX: CRQ, CRQ.A)
BlackRock Canada expects the units of the affected ETFs to be delisted from
the TSX at the close of trading on Feb. 21, 2017, and subequently listed on
NEO at the open of trading on Feb. 22, 2017. Following their delisting, the
units of the iShares Funds listed above will not be available for trading
on the TSX.
The Aequitas NEO Exchange, which opened for business last March, is a
subsidiary of privately held Aequitas Innovations Inc., whose major
shareholders include, among others, Barclays Corporation Ltd., BCE Inc., CI
Investments, IGM Financial, Invesco Canada, and RBC Dominion Securities.
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