March 16, 2012 at 11:22 AM EDT
New Short-Duration ETF for High-Yield Bonds
State Street Global Advisors introduced a new exchange traded fund this week indexed to high-yield corporate bonds with short durations that have less sensitivity to rising interest rates. The tracking index for SPDR Barclays Capital Short Term High Yield Bond ETF (NYSEArca: SJNK) has 351...
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