Floating-rate and short-term fixed-income ETFs re-emerged as market darlings in the rising rate environment
WisdomTree Japan Equity Index ETF and WisdomTree ICBCCS S&P China 500 Index ETF began trading on the TSX on Friday
Although the new ETFs have management fees of 0%, unitholders will still have to pay the management fees on the underlying ETFs indirectly
The ETF invests primarily in the fixed- and floating-rate debt securities of emerging-markets issuers
The ETF, which Marrett Asset Management is managing, invests primarily in government debt
The ETF new series is an additional access point to Arrow’s Exemplar Growth and Income Fund
Management fees for the six funds range from 0.35% to 0.45%.
11 funds to benefit from lower fees or fee waivers
Advisors expect their allocations to ETFs to grow by 50% over the next two years
Outflows driven by large redemptions from iShares S&P/TSX 60 Index ETF and iShares Core S&P/TSX Capped Composite ETF