Daily ETF Watch: New BulletShares Debut

October 07, 2015

Guggenheim Investments has launched two more additions to its lineup of BulletShares ETFs. The Guggenheim BulletShares 2023 High Yield Corporate Bond ETF (BSJN) and the Guggenheim BulletShares 2025 Corporate Bond ETF (BSCP) bring the total number of funds in the BulletShares lineup to 20.

The BulletShares ETF family consists of two subgroups: a high-yield series and an investment-grade series. Each fund targets bonds expiring in a specific year. With the addition of the new funds, the former series covers the years 2015 to 2023, while the latter covers 2015 through 2025.

BSJN charges an expense ratio of 0.43 percent, while BSCP comes with an expense ratio of 0.24 percent.

Firm Plans Hedged Funds

FlexShares, the ETF arm of Northern Trust, has recently filed for currency-hedged ETFs, joining a widespread trend in the ETF industry. The firm will launch currency-hedged versions of its $537 million FlexShares Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) and the $187 million FlexShares Morningstar Emerging Markets Factor Tilt ETF (TLTE).

Those two funds track indexes designed to tilt toward the small-cap and value-oriented stocks in their selection universes. The FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund and the FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund will be tied to the same underlying indexes but will also apply a currency hedge that mitigates the foreign currency risk.

Roughly 50 currency-hedged ETFs have been launched year-to-date, which works out to almost a quarter of the total funds that have launched so far this year.

The filing indicated that the FlexShares funds will list on the NYSE Arca; however, it didn’t include tickers or expense ratios.


Contact Heather Bell at [email protected].

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