Topic: How To Invest

iShares Canadian Short Bond Index $28.73 – Toronto symbol XSB

ISHARES CANADIAN SHORT BOND INDEX FUND $28.73 (CWA Rating: Income) (Toronto symbol XSB; buy or sell through a broker) mirrors the performance of the Scotia Capital Short Term Bond Index.

This index consists of a diversified range of investment grade federal, provincial, municipal and corporate bonds, with terms to maturity of between one and five years.

Top issuers include Canada Mortgage and Housing, RBC Capital Trust, Province of Ontario, Province of Quebec and Royal Bank of Canada.

The average term to maturity of the 94 bonds held by the iShares Canadian Short Bond Index Fund is currently 3.1 years.

Expenses for the iShares Canadian Short Bond Index Fund are 0.25% of assets per year. The fund has a current yield of 4.2%

If you want to invest in a bond fund, this one is a buy.

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