Oakville, Ont.-based Harvest Portfolios Group Inc. launched the Harvest U.S. Investment Grade Bond Plus ETF on Wednesday.
The new ETF will invest primarily in investment-grade corporate debt denominated in U.S. dollars, or issued by U.S.-based companies. It aims to provide unitholders with monthly cash distributions and capital appreciation, Harvest said in a release.
Amundi Canada Inc. and its affiliate, Amundi Pioneer Institutional Asset Management Inc., will assume the ETF’s day-to-day investment management responsibilities.
Class A units of the ETF began trading on the Toronto Stock Exchange (TSX) on Wednesday.