WisdomTree Asset Management Canada has launched the ONE North American Core Plus Bond ETF (ONEB) which is now trading on the on the Toronto Stock Exchange (TSX).
ONEB seeks to provide a stable rate of return, primarily through income, and to a lesser extent, capital appreciation by investing in a portfolio consisting of investment grade North American fixed income securities issued by corporations, governments (federal and state/provincial) and government-related entities and agencies through direct purchases and/or ETFs.
The fund is advised by One Capital Management (OCM), an investment management firm with more than CAD1.8 billion in assets in Canada and the US.
OCM will employ an actively managed investment strategy, utilising proprietary fundamental credit research and analysis. OCM will also direct the currency hedging strategy.
The management fee for the fund is 0.55 per cent.
“We’re thrilled to continue the expansion of our ETF lineup and provide Canadian investors increased access to actively managed fixed income strategies,” says Kurt MacAlpine, WisdomTree Executive Vice President and Global Head of Distribution. “In line with the Canadian ETF industry overall, WisdomTree Canada has seen tremendous growth over the past year, especially in our core fixed income products – CAGG and CAGS – launched just over a year ago. We’re looking forward to expanding our relationship with OCM to launch our newest addition to the fixed income product suite.”