Fixed Income

Goldman Sachs launches smart beta HY corporate bond ETF

Sep 8th, 2017 | By
Goldman Sachs launches smart beta high yield corporate bond ETF

Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Access High Yield Corporate Bond ETF (NYSE Arca: GHYB), offering smart beta exposure to US dollar-denominated high yield corporate bond markets.

BlackRock introduces currency hedged versions of floating rate bond ETF

Sep 8th, 2017 | By
BlackRock to transfer 50 iShares ETFs to Nasdaq or Bats

BlackRock has introduced GBP and EUR hedged versions of its iShares USD Floating Rate Bond UCITS ETF (LON: FLOT). The move comes at a time when the dollar is losing ground against other major currencies which may be discouraging investors from holding unhedged dollar-denominated assets.

Franklin Templeton debuts two actively managed municipal bond ETFs

Sep 1st, 2017 | By
First Trust unveils actively managed municipal high income ETF

Franklin Templeton Investments has launched two new actively managed municipal bond ETFs, the Franklin Liberty Intermediate Municipal Opportunities ETF (NYSE Arca: FLMI) and Franklin Liberty Municipal Bond ETF (NYSE Arca: FLMB). Patrick O’Connor, global head of ETFs at Franklin Templeton Investments, commented: “Leveraging our world class municipal bond platform, these actively managed ETFs seek to generate yield exempt from federal taxes, allowing investors to keep more of what they earn.”

Vanguard planning US total corporate bond ETF of ETFs

Aug 30th, 2017 | By
ETF managed portfolios AUM up strongly, reports Morningstar

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
GraniteShares acquires Master Income ETF; lowers fees

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
ETF managed portfolios AUM up strongly, reports Morningstar

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.