Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG.TO)
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG.TO)
Company overview
This exchange-traded fund (ETF) provides investors with exposure to a curated index of investment-grade corporate bonds originating from the United States. Its constituents are selected through a systematic four-stage methodology. The process begins by categorizing each security into distinct groups based on its credit rating and modified duration, utilizing a comprehensive framework comprising 10 rating tiers and 11 duration ranges. Subsequently, the market weight for each bucket is calculated, determining the number of bonds to be included. The third phase focuses on choosing debt securities with the largest amounts outstanding. Ultimately, individual bond weights are assigned based on their market capitalization within their respective categories, with the portfolio undergoing rebalancing on a monthly basis. Additionally, the fund employs derivatives to hedge the US dollar exposure of its holdings back to Canadian dollars. It is designed for investors who possess a lower risk tolerance and are seeking an economical, diversified investment in US corporate fixed-income securities.
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.
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG.TO)
No price history available.
This exchange-traded fund (ETF) provides investors with exposure to a curated index of investment-grade corporate bonds originating from the United States. Its constituents are selected through a systematic four-stage methodology. The process begins by categorizing each security into distinct groups based on its credit rating and modified duration, utilizing a comprehensive framework comprising 10 rating tiers and 11 duration ranges. Subsequently, the market weight for each bucket is calculated, determining the number of bonds to be included. The third phase focuses on choosing debt securities with the largest amounts outstanding. Ultimately, individual bond weights are assigned based on their market capitalization within their respective categories, with the portfolio undergoing rebalancing on a monthly basis. Additionally, the fund employs derivatives to hedge the US dollar exposure of its holdings back to Canadian dollars. It is designed for investors who possess a lower risk tolerance and are seeking an economical, diversified investment in US corporate fixed-income securities.
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