Posted By 
In what it says is its first new ETF announcement in four years, Vanguard Investments Canada Inc. today announced a new Fixed-Income ETF designed to met investors’ short-term savings needs. Here is the full release on Canada News Wire.
Trading on the TSX under the ticker VVSG, Vanguard Canada says the Vanguard Canadian Ultra-Short Government Bond Index ETF offers AAA-rated high-quality government bonds and treasury bills with a low management fee of 0.10%. It seeks to track the Bloomberg Canadian Short Treasury 1-12 month Float Adjusted Index. The release says the ETF will invest primarily in public, investment-grade government fixed-income securities with maturities of less than 365 days issued in Canada.
Vanguard Canada’s first new ETF in 4 years
In an email to me, Vanguard Canada spokesman Matthew Gierasimczuk confirmed “It’s our first ETF launch in four years.” It brings the total number of Vanguard ETFs in Canada to 38, with $80 billion (CAD) in Canadian ETF assets under management. You can find the full list on its website here.
“Canadian investors and advisors continue to seek out high-quality and cost-effective ETF solutions to meet short-term savings goals” said Sal D’Angelo, Head of Product, Vanguard Investments Canada Inc., pictured right, “This ETF provides investors with a diversified portfolio of the highest-quality AAA-rated Canadian government bonds and treasury bills, all with maturities of less than a year.”
The ETF will be subadvised by Vanguard’s Fixed Income Group: The Vanguard Group Inc. is one of the world’s largest fixed-income managers with over $1.8 trillion (USD) in global assets. “We believe investors and advisors can benefit from a low-risk savings option that provides an attractive yield and daily liquidity, backed by our world-class fixed income expertise,” added D’Angelo.
When will it be available to investors?