Last year the assets in BulletShares more than doubled and year to date through June the lineup is up 56%, Guggenheim said. [iShares and Guggenheim Prep ETFs for Rising Rates]
The Guggenheim BulletShares family consists of 16 fixed-income defined-maturity corporate bond and high yield corporate bond ETFs.
“Unlike other fixed-income ETFs, BulletShares are designed to mature in their target year—providing investors with specific target maturities to ladder portfolios or to manage within specific investment time frames,” the firm said.
“Defined-maturity continues to be a proven investment strategy for investors looking to save for events like retirement amid a volatile economic environment,” said William Belden, head of product development at Guggenheim Investments. “We pioneered this segment of the market with the first BulletShares in 2011, and are excited to grow our existing line-up with two new corporate bond ETFs.”
Last week, BlackRock launched more defined-maturity iShares ETFs to boost its own lineup. [iShares Rolls Out More Defined-Maturity Bond ETFs]