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HYS

Bill Gross shocked the investing world on September 26, 2014 when he announced that he would be leaving PIMCO for rival Janus Capital Group. Gross co-founded PIMCO and spent over 40 years earning a name as one of the most famous fixed income managers of all time, which made his exit all the more surprising. Since he left, PIMCO has lost over $50 billion in total assets, with about $1 billion flowing into Janus. But have PIMCO’s ETFs suffered the same fate? Below, we take a look at how some of PIMCO’s exchange traded products have dealt with Gross’s departure [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. [click to continue…]

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State Street Adds Short Term Junk Bond ETF

by on March 17, 2012 | Updated March 19, 2012

State Street has made another addition to its fixed income ETF lineup, recently rolling out the SPDR Barclays Capital Short Term HighYield Bond ETF (SJNK). The new fund will target junk bonds that have less than five years remaining to maturity, thereby delivering a unique combination of low interest rate risk with significant credit risk. The new ETF is linked to a Barclays index comprised of about 350 bonds rated below investment grade. According to the SJNK fact sheet, the underlying index has an average maturity of about 3.3 years and a weighted average coupon of about 8.4%. The yield to worst on the index is just under 7% [see Fixed Income ETF Center].  [click to continue…]

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Six Juicy High Yield Bond ETFs For 2012

by on January 18, 2012 | Updated January 26, 2012

Equity markets have gotten off to a solid start in the new year, although looming Euro zone debt woes continue to breed some degree of pessimism and one piece of bad news from overseas is very well capable of sparking a broad sell-off that spills over onto Wall Street. The tug of war between positive […]

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Growth and evolution have been recurring themes in the exchange-traded universe in 2011, as investors are now faced with a diverse product lineup of  over 1,400 ETPs. More than 300 of those are new additions in 2011, a year that broke the previous record for extent of product development. And while many of the new […]

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June was another interesting month for markets around the world as a number of important events transpired over the past few weeks. The Federal Reserve meeting came and went without much of a hitch as Bernanke called for the end of QE at the end of the month but suggested that the economy was still […]

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Bond giant PIMCO expanded its ETF lineup to 14 products last Friday, rolling out its first ETF to offer exposure to high yield bonds. The PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) will seek to replicate the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index. HYS joins nine other PIMCO […]

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A Dead Cat Bounce?

by on June 18, 2011

The last week was an up-and-down stretch for global equity markets, as the intensifying crisis in Greece dominated headlines and investors scrambled to analyze the potential fallout from what seems increasingly likely to be a default on sovereign debt obligations. The jump in equity markets–which snapped a six week losing streak–wasn’t really attributable to good […]

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