Arrow Capital Management has launched its first actively managed bond exchange-traded fund (ETF) series providing an additional access point to the Exemplar Investment Grade Fund.
Units of the ETF will begin trading today on the Toronto Stock Exchange (TSX) under the ticker symbol CORP.
The Exemplar Investment Grade Fund (TSX:CORP) offers investors a strategic investment opportunity in the current low rate environment by removing interest rate exposure of corporate bonds; thereby protecting investors from capital losses due to rising rates. The Fund is a credit strategy that seeks to generate attractive risk-adjusted returns with low volatility and a focus on capital preservation.
“We want to provide investors with greater accessibility to our bond products,” says Mark Purdy, Managing Director & Chief Investment Officer of Arrow. “The new ETF offering complements our existing line up and allows investors to choose a product that best fits their needs.”
Arrow is the trustee, manager and promoter of the Fund. East Coast Fund Management Inc (East Coast) is the portfolio advisor and actively manages the Fund.