The NEO Exchange has announced that Vanguard Investments Canada has migrated three passively-managed bond index ETFs from the Toronto Stock Exchange to the NEO Exchange.
The three funds are the Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged); Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) and Vanguard Global Aggregate Bond Index ETF (CAD-hedged).
The existing tickers for the Bond Index ETFs remain VBU, VBG and VGAB, and all three are now available for trading on NEO. Each of the Bond Index ETFs seeks to track the performance of a broad bond index in its respective market, which index is hedged to the Canadian dollar.
Vanguard is now the 22nd fund manufacturer to list products on the NEO Exchange, and the fifth to migrate funds to NEO.
“Vanguard’s mission and investment philosophy has been built on providing investors with top-tier investment products and services,” says Kathleen Bock, Head of Vanguard Investments Canada Inc. “We are pleased to work with NEO in providing greater service diversification across our line-up of ETFs and helping us make a difference for investors and financial advisors.”
Investors can trade shares of Vanguard’s three bond ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
“As one of the largest fund manufacturers in the world, with a robust line-up of ETFs, we are proud to welcome Vanguard as a first-time issuer on the NEO Exchange,” says Jos Schmitt, President of NEO. “At NEO, we are committed to the continued pursuit of innovation as we drive change and serve as a champion for the vibrant Canadian ETF industry. We look forward to furthering our partnership with Vanguard over the years ahead.”