There is an increasing demand for high-yielding debt, and Pyxis Capital[profile] is tapping into that. Investment News reports that the Dallas-based mutual fund shop is about to launch a the second bank loan ETF.

The asset manager will debut Pyxis iBoxx Senior Loan ETF (SNLN), which will compete with the PowerShares Senior Loan Portfolio [profile]. The Pyxis ETF will charge 55 basis points and will track the Markit iBoxx USD Liquid Leveraged Loan Index. The PowerShares ETF charges 76 basis points and was launched in March 2011. 

Correction: The InvestmentNews article, and a prior version of this story, listed for the Pyxis ETF the wrong name, index and price.

Edited by: HFD


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