If you were thinking 2011 would be a quiet year for exchange traded funds (ETFs), think again. The market seems busier than ever with a slate of new funds coming to the market.
A new series of end-date ETFs has launched courtesy of Guggenheim. The new series of bond ETFs will not have an unlimited investment span; instead, they’ll come with set limits on how long the funds will stay invested.
Murray Coleman for Barron’s reports that Guggenheim, the new owner of Claymore’s ETF lineup, is bringing to market these four high-yield bond portfolios with defined investment dates:
- Guggenheim BulletShares 2012 High Yield Corporate Bond ETF (NYSEArca: BSJC)
- Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (NYSEArca: BSJD)
- The Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (NYSEArca: BSJE)
- The Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (NYSEArca: BSJF)
Also this week, iShares filed for a high-dividend ETF. Olivier Ludwig for Index Universe reports that iShares High Dividend Equity Fund will be based on the Morningstar Dividend Yield Focus Index and will seek to own U.S.-based companies that have provided relatively “high dividend yields on a consistent basis,” according to the filing. [Growth and Value Come to Emerging Market ETFs.]
According to Murray Coleman for Barron’s, the latest active ETF to hit the scene is AdvisorShares’ Active Bear ETF (NYSEArca: HDGE). The ETF’s portfolio will be run by Ranger Alternative Management. If you’re looking for a hedge to reduce overall portfolio volatility, this ETF is designed for that purpose. [Actively Managed ETFs Reach a Milestone.]
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.