ProShares, the Maryland-based issuer that can be credited with the launch of a number of products that offers exposure in alternative assets, has unveiled the ProShares USD Covered Bond ETF (COBO). The fund follows the BNP Paribas Diversified USD Covered Bond Index, a benchmark that consists of US dollar denominated covered bonds that are AAA rated. Covered bonds are debt …
Taking Stock: Emerging Markets Dollar Denominated Bond ETFs
As global economies continue to stutter with little growth expected from the developed European nations, the emerging markets are expected to drive global growth in the decades to come. Emerging markets currently contribute 30 percent of global GDP which will only grow in the future. Emerging market bonds are perceived as riskier, which is rewarded by higher returns. However, many …
Taking Stock: Market Vectors Emerging Markets High Yield Bond ETF (HYEM)
Van Eck Global, the managers of the Market Vector range of exchange traded funds, have launched a new emerging markets high yield bonds this week, its third high-yield bond ETF in about a month. The money manager launched the new fund as advisors and investors have started to diversify their fixed-income allocations to create layered risk levels in their portfolios, …
Taking Stock: PIMCO Does It Again! Now It’s A Global TIPS ETF
The California-based Pacific Investment Management Company, the world’s biggest manager of bond mutual funds, has done it again. Barely two months after the launch of its first exchange traded fund (the Total Return ETF BOND) the fixed-income fund goliath has just launched its second offering. This time PIMCO will help investors protect their investments against inflation through its Global Advantage …
Taking Stock: The PIMCO Total Return ETF
Mutual funds behemoth PIMCO created quite a flutter at the beginning of March when it announced launching the ETF version of its Total Return Fund, now trading under the ticker symbol BOND. The fund had generated a lot of interest from the investor community, securing $340 million in assets in the first month of its launch. Despite its relatively higher …
A New Corporate Bond ETF (CBND)
With interest rates hovering around the zero line, ETF providers are scrambling to bring additional products on the market to satisfy the income needs of the investing public, as reported by Barron’s: Funky niche ETFs might be annoying to some. But State Street’s (STT) Global Advisors group today brought to market a fund which could actually clean out much of …