Toronto-based TD Asset Management Inc. (TDAM) has launched three actively-managed ETFs, the company announced Wednesday.
TD Active Preferred Share ETF (TPRF), TD Select Short Term Corporate Bond Ladder ETF (TCSB), and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB/TUSB.U) have begun trading on the Toronto Stock Exchange.
TD Active Preferred Share ETF will invest primarily in Canadian-listed preferred shares that seek to increase yield. The annual management fee is 0.45%.
TD Select Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital, through exposure to a diversified portfolio of primarily investment-grade Canadian corporate bonds. It may look for added value from non-Canadian and/or non-investment-grade debt instruments, TDAM says in a news release. The annual management fee is 0.25%.
TD Select U.S. Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to a diversified portfolio of primarily investment-grade U.S. corporate bonds. It may look for added value from non-investment-grade debt instruments to help enhance total return. The annual management fee is 0.25%.
“These new ETFs provide investors with additional choice and flexibility to help manage risk, reduce portfolio volatility and potentially outperform the market,” Bruce Cooper, CEO and chief investment officer, TD Asset Management, says in a statement. “As Canada’s largest asset manager, we have extensive experience in managing ETFs for institutional clients and following the introduction of our passive ETFs in 2016 for retail clients, this is a natural extension of our offering.”