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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
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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
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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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
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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)
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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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Pimco Launches BABs, Corporates ETFs |
Index Universe - Sept. 21, 2010 - By Steve Dew
Pimco, the world’s largest bond fund manager, launched two new ETFs focused on investment- grade corporate bonds and Build America Bonds municipal debt, bringing new products into one of the fastest-growing parts of the exchange-traded fund universe.
The Investment Grade Corporate Bond Index Fund (NYSEArca: CORP) is based on the BofA Merrill Lynch US Corporate Index, an unmanaged index comprising U.S. dollar-denominated, fixed-rate corporate debt with at least $250 million outstanding. Pimco’s fund will track the index using a proprietary representative sampling process.
Pimco will seek to avoid illiquid securities and bonds in the BofA Merrill Lynch US Corporate Index that it determines have the highest risk of default. According to Pimco’s Web site, the top holdings of the fund will not be available until CORP has been trading for at least one month.
CORP carries total operating expenses of 0.32 percent.
Active BABs ETF
The Build America Bonds Strategy Fund (NYSEArca: BABZ) is an actively managed ETF that invests in Build America Bonds listed in the Barclays Capital Build America Bonds Index with a par value of at least $250 million and that are determined to be investment grade by Barclays Capital. BABZ carries an expense ratio of 0.45 percent.
The U.S. municipal bonds complex, once a solid option for investors looking for low risk coupled with relatively high yield, has suffered a series of downgrades and defaults since the housing sector began to deflate in 2008. Instead of investing wholesale in the Barclays index, Pimco will cherry-pick bonds and conduct its own issuer-specific credit analysis on individual municipalities.
For the complete article visit InexUniverse.com
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Income Security Recommendation January 2013 Issue.
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