For instance, the PowerShares Senior Loan Portfolio (NYSEArca: BKLN), the largest senior loan-related ETF on the market, has an average 45.09 day to reset period. Other options include the Highland/iBoxx Senior Loan ETF (NYSEArca: SNLN), and actively managed SPDR Blackstone/GSO Senior Loan ETF (NYSEArca: SRLN) and First Trust Senior Loan ETF (NasdaqGM: FTSL).
Junk bond ETFs could see near-term relief if the Trump Administration’s tax reform effort springs back to life, but that is a big “if.”
As jitters arose that tax reform might go the way of health care reform at the same time the market faces a looming debt ceiling debate, risk assets sold off,” said SSgA. “High yield did not lead the way. High yield fell more than large-cap stocks, as represented by the S&P 500 Index. But small-cap stocks, which are more domestically oriented than large caps and tend to have higher taxes, fell more than high yield.”
For more on bond ETFs, visit our Fixed Income category.