Fixed Income

Vanguard planning US total corporate bond ETF of ETFs

Aug 30th, 2017 | By
Vanguard planning US total corporate bond ETF of ETFs

Vanguard has filed a preliminary registration statement with the Securities and Exchange Commission for the Vanguard Total Corporate Bond ETF which is due to be launched in the fourth quarter of this year. The fund will offer investors access to the entire US investment-grade corporate bond market by investing in other Vanguard ETFs.

First Trust launches institutional preferred securities ETF

Aug 24th, 2017 | By
First Trust launches institutional preferred securities ETF

First Trust has unveiled the First Trust Institutional Preferred Securities and Income ETF (NYSE Arca: FPEI), an actively managed fund investing in preferred securities issued mainly to institutional-level investors.

iShares’ giant high-yield bond ETF gets criticised by Kames

Aug 23rd, 2017 | By
iShares' giant high-yield bond ETF (HYG) get criticised by Kames

The world’s largest high-yield bond ETF has come in for some criticism from a bond mutual fund manager at London and Edinburgh-based investment manager Kames Capital. Stephen Baines, co-manager of the Kames Short Dated High Yield Global Bond Fund, says the performance of the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE Arca: HYG), which has returned 70.8%, or 5.5% per annum, over in the ten years since its launch, “looks somewhat disappointing” when compared to the broad high-yield market.

Deutsche to cross-list emerging markets quality bond ETF on SIX

Aug 18th, 2017 | By
SIX reports slowdown in ETF turnover

Deutsche Asset Management is to cross-list the db X-trackers iBoxx USD Emerging Sovereigns Quality Weighted UCITS (EUR Hedged) ETF (XQUE) on the SIX Swiss Exchange. The fund provides currency-hedged exposure to US dollar (USD) currency denominated tradable debt (bonds) issued by governments or central banks in emerging market countries.

Direxion launches triple leveraged emerging market bonds ETF

Aug 17th, 2017 | By
Direxion changes index for leveraged small cap ETF

Inverse and leveraged ETF provider Direxion has launched the Direxion Daily Emerging Markets Bond Bull 3X Shares (NYSE Arca: EMBU), providing triple-leveraged exposure to the performance of US dollar-denominated bonds issued by 55 emerging market countries. Sylvia Jablonski, managing director at Direxion, commented: “Emerging market bonds can offer the opportunity to gain higher yield and return, which has been the case recently.”

iShares’ newly launched short-term TIPS ETF sees large inflow

Aug 17th, 2017 | By
Amplify ETFs announces changes to YieldShares Prime 5 Dividend ETF

The iShares $ TIPS 0-5 UCITS ETF has recorded a significant inflow of around $177 million. The newly launched fund, introduced on the London Stock Exchange in April of this year, saw its total assets under management jump on Monday 7th August 2017 to $185m from approximately $7.5m in seed capital.

Vanguard changes indices underlying three bond ETFs

Aug 16th, 2017 | By
Vanguard planning US total corporate bond ETF of ETFs

Vanguard has announced a change in indices underlying three of its government bond ETFs. The changes, which are due to take place during the fourth quarter of 2017, will see the ETFs’ underlying indices transition to pure Treasury indices. The move is expected to provide more targeted exposure to segments of the US government bond market and may potentially reduce bid-ask spreads.

Deutsche introduces currency hedging for smart beta EM bond ETF

Aug 9th, 2017 | By
JP Morgan launches five single factor ETFs on NYSE Arca

Deutsche Asset Management has unveiled the db x-trackers iBoxx USD Emerging Sovereigns Quality Weighted EUR-hedged UCITS ETF (XQUE) on Deutsche Börse’s Xetra and Frankfurt exchanges. The fund provides smart beta exposure to high quality emerging market government bonds while mitigating currency risk between the US dollar-denominated bonds and the ETF’s trading currency – the euro.

BlackRock reports near-record flows into bond ETFs during Q2 2017

Aug 8th, 2017 | By
US and EM equity ETPs lead September flows, finds BlackRock

The global bond ETF industry attracted $43.3 billion of net inflows in Q2 2017, just short of the industry record of $44.5bn set in Q1 2017, according to BlackRock’s Q2 Global ETF industry report. Stephen Cohen, head of fixed income beta at BlackRock, writes that the firm’s own ETF arm – iShares – captured $21.0bn (or 48.5%) of these net new assets with flows “driven by investor appetite for investment grade credit, emerging market debt and government bond funds.”

Deutsche announces changes to emerging markets eurobond ETF

Aug 8th, 2017 | By
db X-trackers lists first physically replicated ETFs

Deutsche Asset Management has announced a number of changes to the db x-trackers II Emerging Markets Liquid Eurobond UCITS ETF (Xetra: XEMB), which include changing the ETF’s name, total expense ratio, replication method and the index it tracks.