Horizons ETFs Management has announced the launch of two new ETFs – the Horizons 0-3 Month T-Bill ETF (CBIL) and the Horizons 0-3 Month U.S. T-Bill ETF (UBIL.U). These are the first ETFs in Canada to provide exclusive exposure to Canadian and U.S. short-term federal Treasury Bills. T-Bills are considered to be among the lowest-risk investments available to investors as they are short-term securities backed by the creditworthiness of large federal governments. CBIL seeks to provide interest income through exposure to Government of Canada Treasury Bills with remaining maturities generally less than 3 months, while UBIL.U seeks to provide interest income through exposure to U.S. Treasury Bills with remaining maturities generally less than 3 months.
Horizons ETFs Launches First Ever Canadian T-Bill ETFs
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The ETFs will distribute the net income they generate from their T-Bill holdings to unit-holders on a monthly basis, and are expected to generate interest income that is in line with the yield on their respective short-dated T-Bills.