Maryland-based ProShares has filed plans with the Securities and Exchange for six other CDS ETFs.
“The CDS market is generally viewed as the most efficient and liquid market for protection against corporate bond defaults. With more than $8 billion in average daily trading volume, the market for high yield CDS has been more liquid than the high yield bond market itself. The volatility of the high yield CDS market has been lower than equities and comparable to the high yield bond market. CDS transactions are cleared through a central clearinghouse,” said ProShares.
Table Courtesy: ProShares
ETF Trends editorial team contributed to this post.