New Pimco ETF Targets Shorter-Term Corporate ‘Junk’
June 22, 2011 at 09:31 AM EDT
Bond giant Pimco recently introduced an exchange traded fund that targets the short-term segment of the high-yield corporate bond market. Pimco 0-5 Year High Yield Corporate Bond Index Fund (NYSEArca: HYS), which invests in bonds with shorter maturities than existing “junk” ETFs, uses...