BulletShares High Yield Indexes Debut

By: ETFdb
Accretive Asset Management LLC announced last week the launch of a family of high yield bond indexes that could soon be the basis for a new suite of exchange-traded funds. The BulletShares USD High Yield Corporate Bond Indices are maturity-targeted benchmarks that measure the performance of U.S. dollar denominated non-investment grade bonds. Each index includes junk bonds scheduled to mature in a certain year, meaning that securities seeking to replicate the performance will have a cash flow profile similar to that of an individual held-to-maturity bond. The new suite consists of ten indexes, beginning with the BulletShares USD High Yield Corporate Bond 2012 Index and running through a 2021 version. “We are excited to bring the BulletShares methodology to the high yield sector of the corporate bond market,” said Darrin DeCosta, head of product development for Accretive Asset Management. “The remarkable success of investment products based on [...] Click here to read the original article on ETFdb.com. Related Posts: Wide World Of Muni Bond ETFs Beyond LQD: Exploring Corporate Bond ETF Options June ETF Roundup: Launches and Filings Claymore Launches Maturity Date Corporate Bond ETFs May ETF Roundup: Launches, Filings, and Closings
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