Each of those four ETFs has an annual expense ratio of 0.15%. Some new bond ETFs have also done well right off the bad, no small feat in what has been a turbulent year for bond ETFs due to surging Treasury yields.
“Among 31 taxable and two tax-free fixed income ETFs launched in 2013, we have an Overall Ranking of Overweight on six,” said S&P Capital IQ in the note.
That group includes the iShares Short Maturity Bond ETF (NYSEArca: NEAR), which debuted in late September and already has nearly $168 million in assets under management. Although NEAR has a 30-day SEC yield of just 1.06%, the fund has an effective duration of less than a year, meaning its sensitivity to rising rates is minimal. [Don’t Fear the Fed With These ETFs]
iShares MSCI USA Quality Factor ETF
Tom Lydon’s clients own shares of Apple and Google.