Global X Canada Launches GCIG ETF Targeting Canadian Corporate Bonds

Global X Canada has launched the 1-10 Year Canadian Corporate Bond Index ETF (GCIG), providing exposure to shorter- and intermediate-term Canadian corporate credit. The ETF tracks the FTSE Canada 1-10 Year Corporate Bond Index, giving investors a benchmark-based way to access corporate bonds with maturities ranging from one to ten years. Global X says the fund expands the choices available to investors managing duration and credit exposure within fixed-income portfolios. GCIG trades in Canadian dollars on the TSX and carries a 0.15% management fee.