SJNK is now home to over $4.3 billion in assets under management, over $1.4 billion of which has flowed into the fund just this year. The ETF, which is just two and a half years old, has gained a following among investors anticipating an interest rate hike from the Federal Reserve next year. By sacrificing some in the yield department, investors gain the advantage of SJNK’s modified adjusted duration of 2.34 years, which compares to almost 4.1 years on HYG. [Shorter is Better With Junk Bond ETFs]
“Total assets (for junk bond funds) are up $6.9 billion in the year to date, reflecting a gain of roughly 4% in 2014,” according to HighYieldBond.com.
SPDR Barclays Short Term High Yield Bond ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of HYG.