Bringing you live news and features since 2006 

First Trust Canada launches Tactical Bond Index ETF


FT Portfolios Canada Co has launched the First Trust Tactical Bond Index ETF on the Toronto Stock Exchange under the ticker symbol FTB (FTB).

The First Trust ETF seeks to replicate, to the extent possible, the performance of the NASDAQ IBIS Canadian Preservation Index CAD TRSM, net of expenses. The investment strategy of the First Trust ETF is to invest in and hold a proportionate share of the constituent securities of the Index to seek to replicate the performance of the Index. The Index seeks to construct a dynamic fixed income portfolio that provides exposure to several different fixed income asset classes consisting of TSX-listed exchange traded funds (ETFs).

"Based on client feedback, we feel there is a significant need for a fixed income solution investing in some of the largest and most liquid domestic and international fixed income ETFs available on the TSX," says Karl Cheong, Head of ETFs at First Trust Canada. We believe that the Index followed by the First Trust Tactical Bond Index ETF (FTB) will correspond to a dynamic momentum model, capable of adjusting to developing macroeconomic trends".

"Nasdaq's suite of income indexes have long been standard benchmarks and we are proud to again partner with First Trust in delivering an innovative income solution," says Dave Gedeon, Vice President, NASDAQ, "The dynamic nature of the IBIS Capital LLC's fixed income model fits with NASDAQ's goal to provide income solutions for all markets."

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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