CI Global Asset Management has just announced that ETF C$ Series units of the CI Floating Rate Income Fund will start trading on the the Toronto Stock Exchange (TSX). The fund will use the ticker symbol CFRT with a management fee of 0.35%, the lowest of any floating rate income ETFs.
ETF Newz Says:
The goal of the ETF is to give investors a way to diversify their fixed-income portfolios and offer them a way to defend the rising interest rates.
