Description
Horizons Active Ultra-Short Term US Investment Grade Bond ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. It is co-managed by Fiera Capital Corporation. The fund invests in the fixed income markets of the United States. It uses derivatives like swaps to invest in short-term floating rate corporate debt securities. The fund seeks to maintain a portfolio duration of less than two years. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the 6-Month U.S. T-Bill Yield. Horizons Active Ultra-Short Term US Investment Grade Bond ETF was formed on February 14, 2012 and is domiciled in Canada.
