Cathay BB US Corporate A- & Above 10+ Years Liquid ETF


Best-in-Class in Taiwan's Fixed Income ETF category is awarded to the Cathay US Corp A- Above 10+ Yr ETF, a product that gives investors convenient access to a diversified, high-quality US dollar corporate bond portfolio.

The ETF's underlying Index is the Bloomberg Barclays US Corporate A- and Above 10+ Years Liquid Index, which comprises ten +years of corporate bonds rated A3/A-/A- and above of at least US$1bn in size with a fixed-rate coupon. The Index excludes bonds with subordinated issues.

The ETF is well diversified with a total of 87 issuers with no single issuer representing more than 10% and has achieved R2 value of index tracking of more than 85% in the past 12 months with an average bid-ask spread of the ETF is between 0.25%-0.5%. It closely replicates the selected indices' performance to avoid any arbitrage between markets and the Index's weight by market value. While it is not an exciting ETF, the expense ratio is relatively low than peers, with costs around 5 to 10 basis points lower than peers.

Over the past year, the fund has grown from NT$34.6bn to NT$53.3bn, an increase of 54%, which has supported liquidity.

This ETF has been reviewed by four industry veterans of the Benchmark judging committee.


House Awards: Fixed Income ETF
Taiwan – Best-In-Class


ISIN: TW00000761B6
Inception Date: 11/20/2018
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Manager Name: Eddie Cheng
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ESG Score: 53.08
GC Score: 54.89
Near-Term Score(<=2°C): 68.80%
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Alcohol Involvement: 3.18%, …

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