Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO)

Qué hace este fondo

This ETF, HBB, is constructed to mirror the performance of Canada's investment-grade bond market. It achieves this by carefully selecting government and corporate bonds whose duration, yield, and return attributes are representative of the broader market. A strict requirement for inclusion is an investment-grade credit rating of at least BBB-, ensuring a focus on high-quality debt instruments. HBB is well-suited for investors aiming for comprehensive exposure to the Canadian investment-grade fixed-income space and prioritizing overall growth over regular income distributions. The fund's objective is to replicate, as closely as practicable and net of its operating costs, the returns of the Solactive Canadian Select Universe Bond Index (Total Return), an index specifically developed to track the Canadian investment-grade fixed-income sector.