ETF Watch: Guggenheim Adds To BulletShares Family

September 14, 2016

Guggenheim expanded its target-date-maturity BulletShares fixed-income ETF family today with the launch of two more funds. The Guggenheim BulletShares 2026 Corporate Bond ETF (BSCQ) and the Guggenheim BulletShares 2024 High Yield Corporate ETF (BSJO) both listed on the NYSE Arca exchange and come with expense ratios of 0.24% and 0.42%, respectively.

BSCQ covers USD-denominated investment-grade corporate bonds maturing in 2026, and as of the end of August, its index included 104 securities. Meanwhile, BSJO targets USD-denominated high-yield corporate debt securities maturing in 2024; its index covered 135 issues as of the end of August.

JPM Adds Alts ETF
J.P. Morgan rolled out a new addition to its ETF lineup today with the launch of the J.P. Morgan Diversified Alternatives ETF (JPHF) on the NYSE Arca. The fund, which charges an expense ratio of 0.85%, is actively managed.

JPHF seeks to achieve long-term total return by executing strategies that are popular with hedge funds and fall into three buckets: equity long/short, event-driven and global-macro-based. The prospectus notes that the fund uses a systematic investment approach to select securities and determine asset allocation.

The fund represents the first move away from equity ETFs into the alternatives space.

Deutsche Bank Closing 8 ETNs

Deutsche Bank announced recently it would be shutting down eight of its 28 ETNs. These products will cease to trade after the close of market on Sept. 19:

  • DB 3x Long 25+ Year Treasury Bond ETN (LBND)
  • DB 3x Short 25+ Year Treasury Bond ETN (SBND)
  • DB 3x German Bund Futures ETN (BUNT)
  • DB German Bund Futures ETN (BUNL)
  • DB 3x Japanese Govt Bond Futures ETN (JGBT)
  • DB Japanese Govt Bond Futures ETN (JGBL)
  • DB 3x Inverse Japanese Govt Bond Futures ETN (JGBD)
  • DB Inverse Japanese Govt Bond Futures ETN (JGBS)

The inclusion of the ETNs set to shut down in September pushes the number of closures expected for the first nine months of the year above 100.

Contact Heather Bell at [email protected].

 

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