launched a short-term high yield global bond ETF today, bringing competition to a part of the yield-focused investment world that is dominated by one successful fund, IndexUniverse
The ETF will have an annual expense ratio of 0.35 percent or 35 bps. It's 5 bps cheaper than [profile]SPDR
Barclays Short Term High Yield Bond ETF.
The launch comes at a critical time when mutual fund companies are offering bond investors ways to protect themselves from a rise in inflation and its effect on bond prices:
"Concentrating holdings on the short end of the yield curve—and on a relatively high-yielding note—looks to be one of the simplest ways of achieving this objective, even if short-term fixed-income holdings won’t entirely escape the effects of a bond market sell-off."
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