Guggenheim Investments has launched three new high yield corporate bond ETFs – Guggenheim BulletShares 2016 High Yield Corporate Bond Fund (nyse arca:BSJG), Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (nyse arca:BSJH) and Guggenheim BulletShares 2018 Corporate Bond ETF (nyse arca:BSJI).
These funds are a part of a suite of Guggenheim BulletShares exchange traded funds, which recently surpassed USD1 billion in total assets as of 14 March, 2012.
"BulletShares provide a cost-effective approach to bond laddering," says William Belden, head of product development for Guggenheim Investments. "Advisors are increasingly looking for ways to use high-yield corporate bonds to diversify their clients’ portfolios, and these ETFS are a unique solution."
"Advisors are using BulletShares ETFs to provide the benefits of liquidity and transparency, and we are committed to growing this suite," says Belden, head of product development for Guggenheim Investments. "We’ve found that there is strong demand for longer maturity dates to use in portfolio construction so we’re pleased to expand the line-up to meet their needs."
The Guggenheim BulletShares suite includes fixed-income defined-maturity corporate bond and high yield corporate bond ETFs. Advisors are easily able to construct laddered bond portfolios designed to meet their clients’ specific maturity profiles, risk preferences and investment goals. BulletShares track indices of approximately 56 to 200 corporate bonds with effective maturities in the same calendar year as each fund’s maturity, with maturity dates ranging from 2012 to 2020 at this time.