Pyxis Funds is making a splash onto the ETF arena with its debut of the Pyxis/iBoxx Senior Loan ETF (SNLN). Formerly known as Highland Funds, newcomer Pyxis will be adding its first ETF to its roster of mutual funds, marking the firms entrance into the ever-expanding exchange-traded universe. The new fund, which began trading on November 7, 2012, will garner the attention of yield-hungry investors looking to diversify their portfolio’s fixed-income component [see Monthly Dividend ETFdb Portfolio]. This product launch is well-timed given the persistent low-yield environment at home, which has prompted countless investors to scour the global market for viable sources of worthwhile current income. Furthermore, the new SNLN ETF focuses on a segment of the bond market that remains largely underdeveloped on the ETF front [see Bond ETFs For Every Objective]. Under The Hood: Senior Bank Loans Senior bank loans have managed to fly under the radar for most as ETFs have [...] Click here to read the original article on ETFdb.com. Related Posts: Senior Bank Loans: High-Yield With Perks ETFs And The LIBOR Scandal The 18 Most Successful New ETFs Of 2011 New ETF: Floating Rate Bond SPDR State Street Plans Floating Rate Bond ETF
Pyxis Funds is making a splash onto the ETF arena with its debut of the Pyxis/iBoxx Senior Loan ETF (SNLN). Formerly known as Highland Funds, newcomer Pyxis will be adding its first ETF to its roster of mutual funds, marking the firms entrance into the ever-expanding exchange-traded universe. The new fund, which began trading on November 7, 2012, will garner the attention of yield-hungry investors looking to diversify their portfolio’s fixed-income component [see Monthly Dividend ETFdb Portfolio]. This product launch is well-timed given the persistent low-yield environment at home, which has prompted countless investors to scour the global market for viable sources of worthwhile current income. Furthermore, the new SNLN ETF focuses on a segment of the bond market that remains largely underdeveloped on the ETF front [see Bond ETFs For Every Objective]. Under The Hood: Senior Bank Loans Senior bank loans have managed to fly under the radar for most as ETFs have [...]
Click here to read the original article on ETFdb.com.
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