First Trust Canada launches Tactical Bond Index ETF
New ETF designed to perform across a variety of macroeconomic environments.
TORONTO, June 19, 2015 /CNW/ - FT Portfolios Canada Co. ("First Trust Canada"), a privately owned company, is pleased to announce the launch of the First Trust Tactical Bond Index ETF which will begin trading on the Toronto Stock Exchange today under the ticker symbol FTB (TSX:FTB).
The First Trust ETF seeks to replicate, to the extent possible, the performance of the NASDAQ IBIS Canadian Preservation Index CAD TRSM (the "Index"), net of expenses. The investment strategy of the First Trust ETF is to invest in and hold a proportionate share of the constituent securities of the Index to seek to replicate the performance of the Index. The Index seeks to construct a dynamic fixed income portfolio that provides exposure to several different fixed income asset classes consisting of TSX-listed exchange traded funds ("ETFs").
"Based on client feedback, we feel there is a significant need for a fixed income solution investing in some of the largest and most liquid domestic and international fixed income ETFs available on the TSX," said Karl Cheong, Head of ETFs at First Trust Canada. We believe that the Index followed by the First Trust Tactical Bond Index ETF (TSX: FTB) will correspond to a dynamic momentum model, capable of adjusting to developing macroeconomic trends".
"Nasdaq's suite of income indexes have long been standard benchmarks and we are proud to again partner with First Trust in delivering an innovative income solution," said Dave Gedeon, Vice President, NASDAQ, "The dynamic nature of the IBIS Capital LLC's fixed income model fits with NASDAQ's goal to provide income solutions for all markets."
About First Trust
The First Trust companies are a well-respected global enterprise with a history in the U.S. market since 1991 and in Canada since 1996. As of April 30, 2015, First Trust Advisors L.P., the portfolio advisor for the First Trust Tactical Bond Index ETF, oversees more than $117 billion USD total assets under supervision or management. First Trust is the enterprise name used for the various businesses conducted in Europe, Mexico, Canada and the U.S.
Further information about First Trust Canada's ETFs can be found at www.firsttrust.ca
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
NASDAQ®, OMX®, NASDAQ OMX®, NASDAQ IBIS Canadian Preservation Index CAD TRSM are registered trademarks or service marks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") or IBIS Capital LLC ("IBIS"), and are licensed for use by FT Portfolios Canada Co. Units of the First Trust ETF (the "Products") have not been passed on by the Corporations or IBIS as to their legality or suitability. The Products are not issued, endorsed, sold, or promoted by the Corporations or IBIS. Neither the Corporations nor IBIS make any warranties and bear no liability with respect to the Products.
SOURCE FT Portfolios Canada Co.
For further information: Media Contact: Fraser Howell, President, FT Portfolios Canada Co., 330 Bay Street, Suite 1330, Toronto, ON, M5H 2S8, FraserHowell@firsttrust.ca, 1-877-622-5552
