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| 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. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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The Biggest Cause of Tracking Error in Corporate Bond ETFs |
Seeking Alpha - March 4, 2011 - by Matthew J. Patterson
In index-based ETFs with relatively illiquid underlying holdings, such as corporate bond ETFs, portfolio turnover is the invisible performance killer. It drives negative tracking error and eats into investor returns. Yet the costs associated with portfolio turnover are not disclosed by sponsors of corporate bond ETFs and go largely ignored by the investment community.
That’s not to say that sponsors of corporate bond ETFs don’t talk a good game when it comes to minimizing portfolio turnover. For example, the objective of the SPDR Barclays Capital High Yield Bond ETF (JNK) indicates that its approach is to “provide portfolios with low portfolio turnover, accurate tracking and lower costs.”
Reality paints a different picture, however. Consider the reported portfolio turnover statistics for the four largest pure corporate bond ETFs in the United States (excluding credit bond ETFs that include non-corporate exposure in their portfolios):
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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