Best New Fixed-Income ETF of 2013
Awarded to the most important fixed-income ETF launched in 2013.
Note: Importance is measured by the overall contribution to positive investor outcomes. The award may recognize ETFs that open new areas of the market, lower costs, drive risk-adjusted performance or provide innovative exposures not previously available to most investors. Only ETFs with inception dates after January 1, 2013, are eligible.
iShares Liquidity Income (ICSH): ICSH is the lowest-duration (aside from floating-rate securities), broadest-based fixed-income U.S.-listed ETF, bringing true money-marketlike exposure to the ETF universe for the first time.
Market Vectors Emerging Markets Aggregate Bond (EMAG): EMAG is the first passively managed broad cap-weighted emerging markets bond ETF.
ProShares High Yield – Interest Rate Hedged (HYHG): HGHG offers broad exposure to USD high-yield bonds, while minimizing interest-rate risk by short-selling Treasurys across the 2 to 10-year swath of the yield curve.
SPDR Blackstone / GSO Senior Loan (SRLN): As investors hunt for yield in a low—but rising—interest-rate environment, SRLN offers access to the top credit tier of global bank loans, with active credit management providing some assurance against default in its floating-rate securities.
Vanguard Total International Bond (BNDX): BNDX brings a truly global bond option to ETF investors for the first time, at very low costs. Currency hedging has the potential to reduce returns volatility.