Bringing you live news and features since 2006 

First Asset launches DEX 1-5 Year Laddered Government Strip Bond Index ETF


The First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF has closed its offerings of common units and adviser units and commenced trading on the Toronto Stock Exchange (TSX).

Barry Gordon (pictured), president and chief executive of First Asset, says: “The First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF combines the safety and higher yields of Canadian government strip bonds, with the ‘tried and true’ methodology of a bond laddering strategy. With no management fee on the common units until 1 July 2014, we believe that this fund represents unbeatable value for a portion of any investor’s fixed income portfolio.”
The ETF has been designed to replicate, to the extent possible, the performance of a Canadian 1-5 year laddered government strip bond index, net of expenses. The current index is the DEX 1-5 Year Laddered Government Strip Bond Index, which measures potential returns of a portfolio of strip bonds, both coupons and residuals, derived from bonds issued by the Government of Canada (including Crown Corporations) and Canadian provincial bonds (including provincially guaranteed debt securities) issued domestically in Canada and denominated in Canadian dollars based upon five distinct annual groupings of maturity. The index seeks to maintain a continuous maturity laddered portfolio, meaning that securities holdings are scheduled to mature in a proportional, annual sequential pattern. The index will initially be comprised of approximately 25 securities, five of which will be equally weighted in each of the five maturity groupings. The index is rebalanced annually in June.

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by