More providers are rolling out fixed-income ETFs designed to capitalize on investors’ desire for yield.

Guggenheim Investments this week introduced several new specialized ETFs that focus on the U.S. high-yield corporate debt market, or “junk” bonds.

“BulletShares provide a cost-effective approach to bond laddering,” William Belden, head of product development for Guggenheim Investments said. “Advisors are increasingly looking for ways to use high-yield corporate bonds to diversify their clients’ portfolios, and these ETFs are a unique solution.” [High-Yield Bond ETFs Come with Risk]

The three new funds are:

  • Guggenheim BulletShares 2016 High Yield Corporate Bond Fund (NYSEArca :BSJG)
  • Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (NYSEArca :BSJH)
  • Guggenheim BulletShares 2018 Corporate Bond ETF (NYSEArca:BSJI)

The latest three funds to launch now brings the providers fixed income product line up to 16. According to a press release, Guggenheim BulletShare ETFs recently surpassed $1 billion in total assets as of March 14, 2012.