Lysander Converts Credit Income Fund Into Active ETF

Lysander Funds has completed the conversion of the Canso Credit Income Fund from a closed-end fund into an ETF and renamed it the Lysander-Canso Credit Income ActivETF (TSX: PBY). The actively managed fixed-income ETF seeks to maximize total returns while reducing risk through long and short positions primarily in corporate bonds and other income-producing securities. The fund also aims to provide investors with monthly cash distributions. PBY carries a management fee of 0.90% and expands Lysander’s lineup of actively managed ETF offerings.