Vanguard, one of the world’s largest fixed income managers, oversees more than US$1.8tn in global assets. The new ETF will be subadvised by Vanguard’s Fixed Income Group.
D’Angelo added that this ETF offers a low-risk savings option with an attractive yield and daily liquidity, backed by Vanguard’s fixed income expertise.
The Vanguard Canadian Ultra-Short Government Bond Index ETF tracks the Bloomberg Canadian Short Treasury 1-12 Month Float Adjusted Index. It primarily invests in public, investment-grade government fixed income securities issued in Canada with maturities of less than 365 days.
The management fee for this ETF is 0.10 percent, as outlined in the fund’s details. With this new offering, Vanguard now manages 38 ETFs in Canada, representing $80bn in Canadian ETF assets under management.