While the US Federal Reserve is expected to remain patient while inflation remains benign, many investors believe the central bank is likely to start raising interest rates later this year. When the Federal Open Market Committee meets in mid-June, most investors would search for hints of an imminent rate hike in America in nearly a decade. In anticipation, many market …
New ETFs On The Block: Advisorshares Yieldpro ETF (YPRO)
AdvisorShares, the Bethesda, Maryland-based issuer better known for its offerings in actively-managed exchange-traded funds, has expanded its portfolio range with the launch of the AdvisorShares YieldPro ETF (YPRO). The new fund provides investors a new play in the high yield space while controlling volatility. California-based investment advisory firm The Elements Financial Group LLC, which is also advisor for the AdvisorShares …
New ETFs On The Block: Pyxis/Iboxx Senior Loan ETF (SNLN)
Pyxis, the Dallas-based money manager that spun off from Highland Funds Asset Management at the beginning of the year, is making its first foray into the ETF space with its Pyxis/iBoxx Senior Loan ETF (SNLN). Highland already has a lineup of 20 open-ended mutual funds and traditional closed-end funds while Pyxis aims to serve up access to senior loans …