First Trust Canada launches fixed-income

A new exchange-traded fund (ETF) now is available from Toronto-based FT Portfolios Canada Co. (First Trust Canada). First Trust Tactical Bond Index ETF is meant to replicate the performance of the NASDAQ IBIS Canadian preservation index CAD TRSM, net of expenses. The index looks to construct a fixed-income portfolio with exposure to several fixed-income asset classes consisting of TSX-listed ETFs. First Trust Canada is a privately owned company and an affiliate of Wheaton, Ill.-based First Trust Portfolios LP. Management fees for the new ETF are 0.5%. Minimum investment is $50.

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