|
|
|
|
| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
Steve McQueen & Bond ETFs |
benzina - Jan. 21, 2011 - By Roger Nusbaum Random Roger Blog
Awhile back the ETF provider now known as Guggenheim listed an ETF line called BulletShares for corporate bonds which allowed investors to access a specific maturity date such that with the BulletShares 2014 Corporate Fund (BSCE) the bonds held in the fund would all mature throughout that year and the fund would close when the last bond matured. This offers more precise management of average maturity in a bond portfolio than other funds do.
As a practical matter if I really wanted to target 2014 I might go with the 2015 fund because the 2014 fund starts liquidating due to maturation as soon as January 15, 2014. I would also add that buying individual issues that are investment grade is not terribly difficult beyond trying to minimize the chance that something you buy today isn't going to get called tomorrow. And as a more general warning the fixed income ETF space is evolving such that the ETFs can be more liquid than what they own which can cause the market value to stray from the fund's IIV (IIV is the ETF equivalent of NAV)
The reason to mention BulletShares at all is they are now coming out with junk bond funds with the same sort of maturity structure as the existing funds. I received a couple of emails on these that gave the impression that they would be out yesterday but I don't think that was the case (no info on the Guggenheim website and neither Yahoo Finance or Google Finance recognized them).
Per the emails there will be four junk bond ETFs. The fund targeting 2012 will have ticker BSJC, 2013 will be BSJD, 2014 will be BSJE and 2015 will be BSJF. The site for the index provider has information for underlying indexes going out every year until 2021 so perhaps there will be more funds later. To be clear, the point of this post is not that you should run out and buy a junk bond ETF right away, Jeffrey Gundlach thinks now is a bad time for this space, but to point out the space is evolving for the better.
The BulletShares concept, despite not getting a lot of attention, is actually one of the more important developments with bond ETFs, in my opinion. The bond market has been distorted by a combo of desperate policy and the fundamental risk currently embedded in the US economy and while I think the best way to navigate this problem is with a healthy dose of individual issues not everyone is comfortable with this which is where funds can obviously come in.
Read more: http://www.benzinga.com/11/01/797487/steve-mcqueen-bond-etfs##ixzz1Bul3Rupl
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
