Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO)
Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO)
Company overview
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.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO)
No price history available.
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.
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