Reported about 1 year ago
Bond ETF newcomer 00953B Yuanta Preferred Income Non-Investment Grade Bond ETF has been approved by the Financial Supervisory Commission for fundraising, with a launch date set for August 5th and China Trust Commercial Bank as the custodian bank. The ETF, priced at 10 yuan, incorporates a smoothing mechanism and is Taiwan's first bond ETF to adopt a 'credit factor weighting' system. It targets a yield exceeding 6%, aiming to lead in the non-investment grade bond space while approaching investment-grade bonds, appealing to conservative bond investors focusing on mature countries and emphasizing diversified industry allocation.
Source: YAHOO