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CIBC Active Investment Grade Floating Rate Bond ETF
CFRN (CIBC Active Investment Grade Floating Rate Bond ETF) is an active Canadian Fixed Income ETF by CI. With a 0.18% MER, it provides diversified exposure. Monthly distribution with a 3.25% yield.
CFRN is actively managed by CI's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.18% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 3.25% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.