Abstract: Fixed-income exchange-traded funds are spreading their wings by broadening their index base and venturing into active management. The number of funds has also achieved a fivefold increase to about 30 from six over the past year. Since fixed-income funds currently represent only a small fraction of the total ETF count of roughly 550 available in the U.S. (up from about 400 in 2006), they have substantial opportunity for growth. Indeed, scores of fixed-income ETFs are set to launch pending SEC approval. "We have a slew of fixed-income ETFs coming to market," observed Kirk Kinder, president of Picket Fence Financial, who spoke at Information Management Network's U.S. World Series of Exchange-Traded Funds West conference, held last month in Scottsdale, Ariz. Citing

Brief Excerpt: RESEARCH Ratings Definitions Why 2007 Is 'The Year Of The Fixed-Income ETF' In The U.S. Publication date: 26-Nov-2007 Primary Credit Analyst: Peter Rizzo, New York (1) 212-438-5059; peter_rizzo@standardandpoors.com Fixed-income exchange-traded...

Report Type: Commentary
Sector: Financial Institutions, Global Issuers
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 

 S&P Credit Research
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.