Fixed Income

PIMCO: Regime change in bond markets?

Feb 15th, 2018 | By
Gene Frieda, executive vice president and global strategist at PIMCO.

By Gene Frieda, executive vice president and global strategist at PIMCO.

With a steady repricing of global bond markets having contributed to a sharp plunge in global stock markets, there could be a whiff of a new era in the air. Given the failure of both markets and central banks to forecast inflation accurately, we should all be humble about the level of precision attached to the timing or nature of the bond market’s next chapter.



Deutsche adds USD high-yield corporate bond ETF to fixed income suite

Feb 15th, 2018 | By
Deutsche adds USD high-yield corporate bond ETF to fixed income suite

Deutsche Asset Management has expanded its fixed income ETF range with the listing of the db x-trackers USD High Yield Corporate Bond UCITS ETF (XUHY LN) on London Stock Exchange and Deutsche Börse. Blanca Koenig, Deutsche AM fixed income ETF strategist, said, “The new USD high-yield ETF expands the toolkit available to investors to address today’s market challenges.”



Ossiam launches smart beta fixed income ETF

Feb 15th, 2018 | By
Bruno Poulin, CEO of Ossiam.

Ossiam has launched the Ossiam Solactive Moody’s Analytics IG EUR Select Credit ETF (MOOC FP) on Euronext Paris. This new smart beta fixed income ETF invests in a portfolio of euro-denominated investment grade corporate bonds, seeking to maximise total return while maintaining a low credit risk profile. Bruno Poulin, CEO of Ossiam, said, “The Ossiam investment-grade credit strategy is aimed at long-term investors prioritising stable returns from high quality bonds issued by companies with strong business models in debt capital markets.”



S&P Dow Jones launches S&P 500 Bond Mega 30 Indices

Feb 15th, 2018 | By
Alex Matturri, CEO, S&P Dow Jones Indices

S&P Dow Jones Indices (S&P DJI) has launched the S&P 500 Bond Mega 30 Index family, tracking the performance of the largest bonds issued by constituents of the S&P 500. The family currently has two subsets of indices, those tracking bonds rated investment grade and those following the high yield segment. Alex Matturri, CEO, S&P Dow Jones Indices, commented, “These new indices track bonds with larger issue sizes which typically trade with greater frequency and enhanced transparency and therefore tend to have higher liquidity.”



BlackRock turns active iShares ETF passive

Feb 15th, 2018 | By
iShares turns an active ETF passive

BlackRock has transitioned its iShares Edge US Fixed Income Balanced Risk ETF (FIBR US) from an actively managed fund to an index-based fund, adopting the Bloomberg Barclays US Fixed Income Balanced Risk Index as its underlying reference. The move brings FIBR into alignment with the other iShares Edge ETFs, which are all index-based, smart-beta funds.



BNP Paribas launches distributing share class for defensive European high yield bond ETF

Feb 13th, 2018 | By
BNP Paribas launches distributing share class for defensive European high yield bond ETF

BNP Paribas has introduced a distributing share class for the BNP Paribas Easy High Yield Europe Defensive UCITS ETF, a recently launched fund offering exposure to the European high yield credit market while hedging against market downturns through the use of a protective put strategy.



UBS introduces income-accumulating share classes for fixed income ETFs on SIX Swiss Exchange

Feb 7th, 2018 | By
UBS adds new share classes to Bloomberg Barclays fixed income ETF suite on SIX

UBS has introduced income-accumulating share classes for five of its fixed income ETFs on SIX Swiss Exchange. The funds, which track Bloomberg Barclays indices and offer a variety of exposures, including to US Treasuries, US corporates, and EM sovereigns, complement the existing income-distributing shares.



JP Morgan launches smart beta EM sovereign bond ETF on NYSE

Feb 1st, 2018 | By
Joanna Gallegos JP Morgan

JP Morgan Asset Management (JPMAM) has launched the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB US) on NYSE Arca, providing smart beta exposure to US dollar-denominated bonds issued by sovereigns and quasi-sovereigns in emerging markets.



SSGA launches global aggregate bond ETF in Europe

Jan 29th, 2018 | By
SSGA launches SPDR Barclays global aggregate bond ETF in Europe

State Street Global Advisors (SSGA) has launched the SPDR Barclays Global Aggregate UCITS ETF (SYBZ GR) in Europe, providing a single point of access for investors looking for globally diversified, investment grade fixed income exposure. The ETF has debuted on Xetra with listings on the London Stock Exchange and Borsa Italiana to follow. Stephen Yeats, MD and head of EMEA and APAC fixed income beta solutions for SSGA, commented, “An allocation to the global aggregate index offers investors one-stop-shop access to the global bond market.”



JP Morgan to launch fixed income ETFs in Europe; includes smart beta play

Jan 26th, 2018 | By
Bryon Lake, international head of ETFs, JP Morgan Asset Management.

JP Morgan has announced plans to launch a trio of bond ETFs in Europe. The ETFs will provide exposure to ultra-short government and corporate bonds, short-duration European government bonds, and a smart beta play on EM sovereign bonds. Bryon Lake, international head of ETFs at JP Morgan Asset Management, said: “We’re focused on launching products which will serve specific investor needs. Sophisticated investors, across Europe, are saying they want to see innovation in the fixed income arena whether that be our beta builder, smart beta and/or active capabilities.”