PIMCO Debuts High Yield Bond ETF (HYS)

Bond giant PIMCO expanded its ETF lineup to 14 products last Friday, rolling out its first ETF to offer exposure to high yield bonds. The PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) will seek to replicate the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index. HYS joins nine other PIMCO ETFs that seek to replicate fixed income benchmarks; the company also offers four actively-managed bond funds. With the launch of HYS there are now 10 ETFs in the High Yield Bonds ETFdb Category with aggregate assets in excess of $16 billion, including funds from Guggenheim, PowerShares, iShares, State Street, and AdvisorShares. That includes four Guggenheim ETFs that focus on junk bonds maturing in a certain year, ranging from 2012 (BSJC) to 2015 (BSJF). Short Term Focus The launch of HYS comes at a time when investors are increasingly concerned about the impact of interest rate [...] Click here to read the original article on ETFdb.com. Related Posts: Bond ETF Drawbacks: Case For Active Management In Fixed Income Arena HYLD: Crushing The High Yield Bond ETF Competition Recapping Impressive Innovation In Bond ETF Space January ETF Roundup: Launches, Filings, and Closures Guggenheim Funds Launches Suite Of High Yield BulletShares