iShares Short Treasury Bond ETF (NASDAQ: SHV)

에 대한 최신 뉴스 iShares Short Treasury Bond ETF (NASDAQ:SHV)

iShares Short Treasury Bond ETF

The Fund seeks to track the investment results of the ICE Short US Treasury Securities Index (the Underlying Index), which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of less than or equal to one year. Under normal circumstances, the Fund will seek to maintain a weighted average maturity of less than one year. Weighted average maturity is the U.S. dollar weighted average of the remaining term to maturity of the underlying securities in the Funds portfolio. As of February 28, 2023, there were 104 components in the Underlying Index.

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<p>The Federal Reserve&#8217;s decision cut interest rates by 0.5% on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40943496/fed-rate-cut-eases-debt-refinancing-for-smaller-cloud-computing-firms-analyst-flags">may pull investors</a> away from money market funds and into longer duration bonds, according to a portfolio manager.</p>
<p>Total money market fund assets&nbsp;decreased by $20.02 billion to $6.30 trillion for a week ending on Wednesday, Sept. 18, the Investment Company Institute said. Among taxable money market funds, government funds&nbsp;decreased by $18.82 billion and prime funds decreased by $2.42 billion.&nbsp;</p>
<p>&#8220;Historically, we&#8217;ve seen more assets move into longer duration bonds when yields have fallen, and I think we&#8217;ve already seen some of that happen this year,&#8221; said <strong>Timothy Ng</strong>, a fixed-income portfolio manager with <strong>Capital Group</strong>.</p>
<p>&#8220;I expect this trend to continue as the Fed continues to cut rates,&#8221; he said.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases</a></strong></p>
<p>&#8220;I think some of that flow will go into both equities and bonds, but in terms of relative scale, it will likely depend on the outlook for the economy, valuations and market sentiment between the two asset classes.&#8221;</p>
<p>A lot of assets moved into the money markets in recent years because money market yields were very attractive, but that may no longer be the case as the Fed plans to make further rate cuts this year, he said.</p>
<p>&#8220;Now you&#8217;re not getting as much yield waiting around, and you run the risk of missing out on capital appreciation that comes with having more duration in your portfolio as yields fall,&#8221; he said.</p>
<p><strong>Price Action: </strong>Exchange-traded funds that hold money market funds gained slightly into Friday&#8217;s late-afternoon trading.</p>
<ul id="mntl-sc-block_7-0">
<li><strong>iShares Short Treasury Bond ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NASDAQ">SHV</a>) gained 0.05%</li>
<li><strong>BlackRock Short Maturity Bond ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NEAR#BATS">NEAR</a>) rose 0.06%</li>
<li><strong>SPDR Bloomberg Barclays 1-3 Month T-Bill ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>) went up 0.044%</li>
<li><strong>Invesco&nbsp;Ultra Short Duration ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSY#NYSE">GSY</a>) picked up 0.07%</li>
</ul>
<p><strong>Read Now:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/09/40950904/claudia-sahm-underscores-feds-mandate-to-protect-jobs-says-additional-cuts-expected-the-time-to-supp">Claudia Sahm Underscores Fed&#8217;s Mandate to Protect Jobs, Says Additional Cuts Expected: &#8216;The Time To Support The Labor Market Is When It&#8217;s Strong&#8217;</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager

<p>In a world where cash is once again king, investors are turning their attention to cash-like funds and ETFs. One universe garnering notable interest is the U.S. Treasury market, where yields on short-term bonds have climbed to levels not seen <a href="https://www.benzinga.com/government/23/09/34488266/treasury-bills-at-5-yield-retail-investors-jump-on-the-risk-free-bandwagon">in nearly two decades.</a></p>
<p>As of now, the annual yield on U.S. Treasury bonds, particularly those with maturities of up to two years, hovers around 5%. To put this into perspective, it&#8217;s the highest yield these securities have offered since June 2007 and is currently well above the latest annual inflation rate of 3.7%. </p>
<p>What&#8217;s remarkable about this return is that it comes from one of the safest assets in the world — U.S. Treasury securities.</p>
<h2 class="wp-block-heading">Why Short-Term Treasury ETFs Are The Safest Assets On The Planet</h2>
<p>These bonds, which are issued by the federal government, are highly regarded for their safety due to the fact that they are backed by the unwavering trust and creditworthiness of the U.S. government. Regardless of the prevailing economic conditions, whether it be during a recession, periods of inflation, or even times of conflict, the U.S. government remains steadfast in fulfilling its commitments to bondholders.</p>
<p>The yields on the shorter end of the Treasury yield curve are often dubbed &#8220;risk-free.&#8221; This label stems from the clear-cut expectation that the U.S. government will fulfill its obligations upon maturity.</p>
<p>For non-U.S.-based investors, these short-term Treasury ETFs offer another perk. They provide exposure to the U.S. dollar, a primary safe-haven asset that tends to appreciate during liquidity crises and global risk-off periods.</p>
<p><em>Read Also:</em> <em><a href="https://www.benzinga.com/markets/bonds/23/09/34327727/cash-is-king-5-bond-etfs-unlocking-attractive-returns-in-a-5-rate-world">Cash Is King: 5 Bond ETFs Unlocking Attractive Returns In A 5% Rate World</a></em></p>
<p>But here&#8217;s where it gets interesting for income-seeking investors: dividends paid by bond ETFs, such as these Treasury-focused ones, translate into reliable and predictable monthly income.</p>
<p>While there are bond ETFs out there offering yields higher than 5%, they often lean towards high-yield corporate bonds or emerging market debt. While these can provide attractive yields, they might not provide the same level of security during times of global market turbulence.</p>
<p>In contrast, short-term Treasury ETFs maintain a stable annual yield of around 5% while serving as a protective cushion within a diversified portfolio. They act as a shield during bouts of heightened market volatility.</p>
<h2 class="wp-block-heading">How To Generate A $500 Monthly Dividend With These 7 U.S. Treasury ETFs</h2>
<p>Now, let&#8217;s delve into how an annual yield of 5% can generate a consistent monthly income of $500, thanks to these Treasury ETFs:</p>
<ul>
<li><strong>SPDR Bloomberg 3-12 Month T-Bill ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILS#NYSE">BILS</a>): Priced at $99.13, it offers an indicative dividend yield of 4.58%. With a last reported dividend of $0.425, paid monthly, you&#8217;d need 1,177 shares, amounting to $116,676, to generate $500 per month.</li>
<li><strong>iShares 0-3 Month Treasury Bond ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOV#NYSE">SGOV</a>): Currently trading at $100.39, it yields 4.39%. Its last reported dividend was $0.412, also paid monthly. To secure $500 monthly, you&#8217;d require 1,214 shares, totaling $121,873.</li>
<li><strong>SPDR Bloomberg 1-3 Month T-Bill ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>): Priced at $91.55, this ETF offers a 4.36% yield. Its most recent dividend amounted to $0.394, paid monthly. To achieve $500 per month, you&#8217;d need 1,270 shares, valued at $116,268.</li>
<li><strong>US Treasury 2 Year Note ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTWO#NYSE">UTWO</a>): With a price of $47.90, it boasts a 4.28% yield and a last dividend of $0.194, paid monthly. To secure $500 monthly, you&#8217;d require 2,578 shares, worth $123,486.</li>
<li><strong>BondBloxx Bloomberg One Year Target Duration US Treasury ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XONE#NYSE">XONE</a>): Currently trading at $49.51, it yields 4.27% and recently paid a dividend of $0.199, on a monthly basis. To attain $500 per month, you&#8217;d need 2,513 shares, amounting to $124,418.</li>
<li><strong>Goldman Sachs Access Treasury 0-1 Year ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBIL#NYSE">GBIL</a>): Priced at $99.82, it boasts a 4.20% yield and a last dividend of $0.407, distributed monthly. To generate $500 monthly, you&#8217;d require 1,229 shares, totaling $122,678.</li>
<li><strong>iShares Short Treasury Bond ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NYSE">SHV</a>): Trading at $110.16, it offers a 4.18% yield, with a last dividend of $0.465, paid monthly. To achieve $500 per month, you&#8217;d need 1,076 shares, worth $118,532.</li>
</ul>
<p><figure class="wp-block-table"><br />
<table>
<thead>
<tr>
<th>ETF</th>
<th>Price</th>
<th>Dividend Yield (Indicative)</th>
<th>Last Dividend Reported</th>
<th>Frequency</th>
<th>No. of ETF Shares To Buy</th>
<th>Amount needed to generate $500/m income</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR Bloomberg 3-12 Month T-Bill ETF </td>
<td>$99.13</td>
<td>4.58%</td>
<td>$0.425</td>
<td>Monthly</td>
<td>1,177</td>
<td>$116,676</td>
</tr>
<tr>
<td>iShares 0-3 Month Treasury Bond ETF </td>
<td>$100.39</td>
<td>4.39%</td>
<td>$0.412</td>
<td>Monthly</td>
<td>1,214</td>
<td>$121,873</td>
</tr>
<tr>
<td>SPDR Bloomberg 1-3 Month T-Bill ETF </td>
<td>$91.55</td>
<td>4.36%</td>
<td>$0.394</td>
<td>Monthly</td>
<td>1,270</td>
<td>$116,268</td>
</tr>
<tr>
<td>US Treasury 2 Year Note ETF </td>
<td>$47.90</td>
<td>4.28%</td>
<td>$0.194</td>
<td>Monthly</td>
<td>2,578</td>
<td>$123,486</td>
</tr>
<tr>
<td>BondBloxx Bloomberg One Year Target Duration US Treasury ETF </td>
<td>$49.51</td>
<td>4.27%</td>
<td>$0.199</td>
<td>Monthly</td>
<td>2,513</td>
<td>$124,418</td>
</tr>
<tr>
<td>Goldman Sachs Access Treasury 0-1 Year ETF</td>
<td>$99.82</td>
<td>4.20%</td>
<td>$0.407</td>
<td>Monthly</td>
<td>1,229</td>
<td>$122,678</td>
</tr>
<tr>
<td>iShares Short Treasury Bond ETF </td>
<td>$110.16</td>
<td>4.18%</td>
<td>$0.465</td>
<td>Monthly</td>
<td>1,076</td>
<td>$118,532</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><em>Read Now: </em><a href="https://www.benzinga.com/money/how-to-buy-treasury-bonds"><em>How to Buy Treasury Bonds</em></a></p>
<p><em>Photo: Shutterstock</em></p>


Macro Economic Events

Bonds

Specialty ETFs

New ETFs

Treasuries

BILS

GBIL

SGOV

UTWO

XONE

How To Earn $500 Monthly Income With These Cash-Like Treasury ETFs

<p>August&#8217;s unpredictable market swings have led investors to seek solace in cash-equivalent ETFs, marking the most significant <a href="https://www.benzinga.com/etfs">influx in recent months.</a></p>
<h3 class="wp-block-heading">Billions Flow into Ultra-Short Bond ETFs</h3>
<p>Investors have funneled a whopping $7 billion into ultra-short bond ETFs in August, as per <a href="https://www.bloomberg.com/news/articles/2023-08-31/cash-like-etfs-lure-billions-as-traders-shelter-from-volatility?srnd=premium&amp;sref=TBDibEcD">Bloomberg<strong> </strong></a>Intelligence data. </p>
<p>A significant chunk, over $2 billion, found its way to the <strong>SPDR Bloomberg 1-3 Month T-Bill ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>), marking a turnaround from the previous four months of capital flight.</p>
<h3 class="wp-block-heading">Why the Sudden Appeal?</h3>
<p>ETFs boasting short-term Treasury securities with returns exceeding 5% have become the sanctuary for investors, shielding them from the volatile movements of both stocks and bonds. Despite a recent dip in Treasury yields, they soared to their highest levels since 2007 earlier this month. This spike, driven by fears of persistent aggressive monetary policies and a supply surge, subsequently weighed down equities.</p>
<p>With these dynamics at play, August is shaping up to witness the most substantial inflows into cash-equivalent bond ETFs since the chilly month of February. Coincidentally, the S&amp;P 500, as tracked by the <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is also bracing for its initial monthly decline since that time.</p>
<p>While the <strong>SPDR Bloomberg 1-3 Month T-Bill ETF</strong> has been a favorite, other funds like the <strong>iShares 0-3 Month Treasury Bond ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOV#NYSE">SGOV</a>) have seen nearly $2 billion in inflows. Meanwhile, the <strong>Goldman Sachs Access Treasury 0-1 Year ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBIL#NYSE">GBIL</a>) and the <strong>iShares Short Treasury Bond ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NYSE">SHV</a>) have attracted over $500 million and $400 million, respectively.</p>
<p><em>Table: Ultra-Short Term Treasury Bond ETFs </em></p>
<p><figure class="wp-block-table"><br />
<table>
<thead>
<tr>
<th>ETF</th>
<th>TICKER</th>
<th>AUM ($bn)</th>
<th>Fund Flows (August) ($bn)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR Bloomberg 1-3 Month T-Bill ETF</td>
<td>BIL</td>
<td>29.8</td>
<td>2.3</td>
</tr>
<tr>
<td>iShares 0-3 Month Treasury Bond ETF</td>
<td>SGOV</td>
<td>14.02</td>
<td>1.97</td>
</tr>
<tr>
<td>Goldman Sachs Access Treasury 0-1 Year ETF</td>
<td>GBIL</td>
<td>5.97</td>
<td>0.512</td>
</tr>
<tr>
<td>iShares Short Treasury Bond ETF</td>
<td>SHV</td>
<td>20.4</td>
<td>0.470</td>
</tr>
<tr>
<td>SPDR Bloomberg 3-12 Month T-Bill ETF</td>
<td>ARCA: BILS</td>
<td>2.52</td>
<td>0.149</td>
</tr>
<tr>
<td>SPDR Portfolio Short Term Treasury ETF</td>
<td>ARCA: SPTS</td>
<td>5.4</td>
<td>0.097</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><em>Chart: 6-Month Treasury Bill Yields Are At The Highest In Over Two Decades</em></p>
<p><figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="598" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d-1024x598.png" alt="" class="wp-image-98283" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d-1024x598.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d-300x175.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d-768x448.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d-1536x897.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/31153250/US06MY_2023-08-31_21-32-03_4992d.png 1850w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Photo: Shutterstock</em></p>


Investors Bet $7B On Ultra-Short Term Bond ETFs, Chase 5% Returns Amid Market Volatility

<p>On CNBC&rsquo;s &ldquo;<a href="https://www.cnbc.com/video/2022/07/22/final-trades-amazon-apple-boeing-more.html">Halftime Report Final Trades</a>,&rdquo; <strong>Rob Sechan</strong> of New Edge Capital Group recommended <strong>iShares Short Treasury Bond ETF </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shv#NASDAQ">SHV</a>) saying the inverted yield curve offers &ldquo;a nice yield in the short run.&rdquo;</p>
<p><strong>Stephen Weiss</strong> of Short Hills Capital Partners suggested to &ldquo;sell some covered calls, out of the money&rdquo; if you own shares of <strong>Apple Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>). If you don&rsquo;t own the stock, buy the puts, which are &ldquo;pretty cheap,&rdquo; he added.</p>
<p><em>Check out other stocks making moves in the <a href="https://www.benzinga.com/premarket/">premarket</a>.</em></p>
<p><strong>Shannon Saccocia</strong> of Boston Private recommended <strong>Amazon.com, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) ahead of earnings on Thursday. &ldquo;We may see a little bit of pressure, but I am not that concerned about it,&rdquo; she said.</p>
<p><em>Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/07/28181337/mark-cuban-on-the-nightmare-waiting-for-the-crypto-industry">Mark Cuban Warns Crypto Faces Nightmare From SEC&#39;s Next Move: &#39;Wait Till You See What They Come Up With&#39;</a></em></p>
<p><strong>Jim Lebenthal</strong> of Cerity Partners named <strong>Boeing Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) as his final trade. He mentioned that the company had witnesses &ldquo;one heck of a week in terms of order announcements for Boeing.&rdquo;</p>


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CNBC's Final Trades: Boeing, Apple, Amazon And This Short-Term Play

<p>Last year, fixed income exchange traded funds hauled in a record $97 billion in new assets, or <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12931695/investors-piled-into-bond-etfs-last-year">almost a third</a> of all the year&#39;s inflows to U.S.-listed ETFs.</p>
<p>New data from<strong> BlackRock Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>), the parent company of iShares, the world&#39;s largest ETF issuer, volume in bond ETFs jumped last year, too.</p>
<h3>What Happened</h3>
<p>Three of last year&#39;s top 10 ETFs in terms of new assets added were bond funds, a group including the <strong>iShares Short Treasury Bond ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shv#NYSE">SHV</a>) and the <strong>iShares 1-3 Year Treasury Bond ETF </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shy#NASDAQ">SHY</a>).</p>
<p>Likewise, three of the 10 worst ETFs in terms of assets lost were fixed income funds, a group including the <strong>iShares iBoxx USD Investment Grade Corporate Bond ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lqd#NYSE">LQD</a>). Money moving into and out of bond ETFs triggered a corresponding uptick in volume in the funds.</p>
<p>&ldquo;2018 was a record year for US FI ETF secondary trading volumes, with $2.2 trillion of aggregate volumes across issuers or $8.5 billion/day, on average,&rdquo; <a href="https://www.ishares.com/">according to BlackRock.</a></p>
<h3>Why It&#39;s Important</h3>
<p>The Federal Reserve raised interest rates four times last year, likely triggering some of the increased activity in bond ETFs. It&#39;s widely expected the Fed will slow its pace of rate hikes in 2019 or potentially not boost borrowing costs at all.</p>
<p>While 2019 is still in its infancy, the more sanguine rate outlook has some investors again flocking to bond ETFs early in the year. This month, seven of the top 10 asset-gathering ETFs <a href="https://www.etf.com/etfanalytics/etf-fund-flows-tool">are bond funds</a>. That follows a strong December of bond ETF activity.</p>
<p>&ldquo;December 2018 was also a record trading volume month for US FI ETFs amid heightened market volatility, as volumes totaled $273 billion ($13 billion/day), a ~$28 billion increase from the previous record set in October 2018,&rdquo; said BlackRock.</p>
<h3>What&#39;s Next</h3>
<p>BlackRock data indicate bond ETF volume is outpacing asset growth across a variety of fixed income segments, including emerging markets debt, investment-grade corporate debt, junk bonds and municipal bonds.</p>
<p>&ldquo;The 2018 growth rate in Muni ETF trading volumes was 2.5X greater than comparable AUM growth,&rdquo; said BlackRock. &ldquo;This dynamic speaks to the increasing usage of FI ETFs by investors, both institutional and retail, for various portfolio applications such as tactical beta, liquidity management, strategic exposure, portfolio completion, and listed options use-cases.&rdquo;</p>
<p><em>Related Links</em></p>
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<p><em><a href="https://www.benzinga.com/general/biotech/19/01/12975527/this-biotech-etf-is-soaring-but-a-bearish-friend-lures-traders">A Bearish Biotech ETF Looks Interesting</a></em></p>


Fixed Income ETF Volume Surged In 2018

<p>Last year, U.S.-listed exchange traded fund took in $313 billion in new assets, short of 2017&#39;s record inflows, but still good for the second-best year on record.</p>
<p>While the Federal Reserve boosted interest four times in 2018, three of the year&#39;s top 10 asset-gathering ETFs were bond funds.</p>
<h3>What Happened</h3>
<p>Bond funds contributed mightily to 2018&#39;s overall ETF inflows. Last year, fixed income ETFs hauled in $97 billion in new assets.</p>
<p>&ldquo;To CFRA, the biggest ETF flows trend was in fixed income, which pulled in $97 billion of new money in 2018, equal to a 31% share of net inflows, even as the Federal Reserve raised interest rates multiple times,&rdquo; said <a href="https://newpublic.cfraresearch.com/">CFRA Research</a> Director of ETF &amp; Mutual Fund Research Todd Rosenbluth in a Thursday note.</p>
<h3>Why It&#39;s Important</h3>
<p>With interest rates ring in 2018, bond investors were particularly fond of short duration ETFs, such as the <strong>iShares Short Treasury Bond ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shv#NYSE">SHV</a>) and the<strong> iShares 1-3 Year Treasury Bond ETF</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shy#NASDAQ">SHY</a>). SHV and SHY combined <a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12911948/with-bond-etfs-keep-it-short-again-in-2019">for over $22 billion</a> of the new money added to bond ETFs last year.</p>
<p>Other popular short-term bond ETFs included the <strong>PIMCO Enhanced Short Maturity Active ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mint#NYSE">MINT</a>); the largest actively managed ETF, and the <strong>JPMorgan Ultra-Short Income ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpst#NYSE">JPST</a>). JPST was one of last year&#39;s fastest-growing bond funds.</p>
<p>&ldquo;With Fed rate hikes on the mind, ultra-short and short-term bond funds designed to reduce interest rate sensitivity and yet generate some income were most popular,&rdquo; said Rosenbluth. &ldquo;JPST and MINT added $5.0 billion and $4.3 billion, respectively, aided by strong 2.2% and 1.7% gains.&rdquo;</p>
<h3>What&#39;s Next</h3>
<p>Investors last year displayed enthusiasm for actively managed bond ETFs, a theme that could remain in place this year if the bond environment remains tricky.</p>
<p>&ldquo;While ETFs remain known for tracking indices such as Bloomberg Barclays Aggregate Bond Index, which was flat in 2018, actively managed fixed income ETFs gathered $21 billion of new money,&rdquo; said Rosenbluth. &ldquo;This was equal to the total inflows for the investment approach between 2015 and 2017.&rdquo;</p>
<p><em>Related Links:</em></p>
<p><em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">This ETF Could Be Ready To Soar</a></em></p>
<p><em><a href="https://www.benzinga.com/trading-ideas/long-ideas/19/01/12922130/a-decent-outlook-for-consumer-discretionary-etfs">Consumer Cyclical ETFs Could Perk Up</a></em></p>


Analyst Color

JPST

Pimco Enhanced Short Maturity Strategy Fund

MINT

Investors Piled Into Bond ETFs Last Year

<p>It may not have been easy money, but embracing short-term bonds and the corresponding exchange traded funds&nbsp;has easily been one of this year&#39;s most popular fixed-income trades.</p>
<p>With 2019 right around the corner, some bond market observers believe managing duration risk will again be a trade to embrace in the new year.</p>
<h3>What Happened</h3>
<p>The Federal Reserve raised interest rates four times in 2018, and while there is speculation the benchmark U.S. interest is getting close to &ldquo;normal&rdquo; or &ldquo;neutral,&rdquo; there is also chatter that the Fed has a couple more rate hikes in store for 2019.</p>
<p>In this rising rate environment, it&#39;s unsurprising that this year&#39;s most popular bond ETFs are all of the short-term variety. Of the three bond funds among this year&#39;s top 10 asset-gathering ETFs, each is a low or ultralow duration product.</p>
<h3>Why It&#39;s Important</h3>
<p>In terms of new assets added among bond ETFs, the <strong>iShares Short Treasury Bond ETF</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shv#NASDAQ">SHV</a>) and the <strong>iShares 1-3 Year Treasury Bond ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shy#NYSE">SHY</a>) lead the way. SHV and SHY have added a combined $21.36 billion in new assets this year.</p>
<p>&ldquo;With a flat yield curve and relatively tight credit spreads today, you don&rsquo;t need to take on much interest rate risk or rely on higher-risk assets like stocks to generate income potential,&rdquo; <a href="https://www.blackrockblog.com/2018/12/28/year-end-bond-moves-to-consider/">BlackRock said in a Friday note</a>. &ldquo;High-quality ultrashort and short duration bonds are sitting in a sweet spot right now: they offer potentially attractive yields, and their short duration means they&rsquo;re less exposed to interest rate risk (duration).&rdquo;</p>
<p>SHY has an effective duration <a href="https://www.ishares.com/us/products/239452/?referrer=tickerSearch">of 1.85 years</a> while SHV&#39;s effective duration is 0.42 years.</p>
<h3>What&#39;s Next</h3>
<p>With the Fed not ruling out more rate hikes in 2019 and a surprisingly hawkish tone emerging from the central bank&#39;s December meeting, SHV and SHY could be popular again next year.</p>
<p>&ldquo;Consider that the two-year Treasury currently yields nearly 3 percent, according to Bloomberg,&rdquo; said BlackRock. &ldquo;Rotating into an ETF like the iShares 1-3 Year Treasury Bond ETF (<a href="https://www.ishares.com/us/products/239452/">SHY</a>) can be a low-cost way to up the overall credit profile of your portfolio.&rdquo;</p>
<p><em>Related Links:</em></p>
<p><em><a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12906842/a-pleasant-surprise-among-new-etfs">A Winner Among Rookie ETFs</a></em></p>
<p><em><a href="https://www.benzinga.com/news/18/12/12901723/5-worst-etfs-of-2018">2018&#39;s Worst ETFs</a></em></p>


News

With Bond ETFs, Keep It Short Again In 2019

<p>Inflation, which has been mysteriously low for years, has accelerated in recent months, with expectations hovering near the <a href="https://finance.yahoo.com/news/u-10-yield-reaches-highest-130123668.html">highest level since 2014</a>. This is especially thanks to a rise in energy prices, increase in raw material costs, and a historically low unemployment rate, which suggests that wages could finally pick up.</p>
<p>	Growing inflationary expectations are pushing bond yields higher. The yields on 10-year Treasury notes jumped to 3.09% &mdash; its highest level since July 2011 &mdash; while two-year notes climbed to highest level since 2008 at 2.593%, raising expectations for further interest rate hikes from the Federal Reserve. The 10-year yield has rallied 76% over the past year, with a 13.8% gain in the last five days alone.</p>
<p>	In particular, the latest April retail sales data, which showed a 0.3% increase in sales and an upward revision in February and March sales, led to the latest spike in yields giving another sign of firmer inflation. &nbsp;</p>
<p>	As yields rises, returns of investors having big holdings in the fixed income world are hurt. And bond investors might experience heavy losses given that bond prices and yields have an inverse relationship. With the inclusion of ultra-short duration bonds ETFs, this hostile situation can be avoided. Investors could add these products to their portfolio in order to minimize the risk from rising interest rates.</p>
<p>	<strong>Why Ultra-Short Bond ETFs?</strong></p>
<p>	Ultra-short bond ETFs invest in securities with durations of less than one year, thus making them less vulnerable to rising rates. As the duration or interest rate sensitivity is lower, these act as a cushion to rising rates. Additionally, the time until maturity is short enough, so the odds of a substantial increase in rates during the life of the bond are lower.</p>
<p>	As a result, an allocation to ultra-short duration ETFs could help in protecting the portfolio from rising rates. Below, we have presented some of these:</p>
<p>	<strong>iShares Short Treasury Bond ETF</strong>&nbsp;(NASDAQ: <a class="ticker" href="/stock/shv#NASDAQ">SHV</a>)</p>
<p>	The fund is actively managed and seeks to manage interest rate risk while maximizing current income through diversified exposure to short-term bonds. It holds 25 securities in its basket, with both average maturity and effective duration of 0.40 years. The product has amassed $13.6 billion in its asset base while trades in a solid volume of 1.3 million shares a day. It charges 15 bps in annual fees and has added 0.5% so far this year<a href="https://www.zacks.com/stock/news/301970/will-bond-etfs-sustain-their-april-momentum-in-may">.</a></p>
<p><strong>SPDR Bloomberg Barclays 1-3 Month T-Bill ETF</strong>&nbsp;(NYSE: <a class="ticker" href="/stock/bil#NYSE">BIL</a>)</p>
<p>	The product seeks to provide exposure to zero coupon U.S. Treasury securities that have a remaining maturity of 1-3 months. It follows the Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index, holding 9 securities in its basket. Both average maturity and effective duration comes in at 0.13 years. BIL has AUM of $3.5 billion and average daily volume of 859,000 shares. It charges 13 bps in annual fees and is up 0.5% in the year-to-date time frame.</p>
<p>	<strong>Goldman Sachs TreasuryAccess 0-1 Year ETF</strong>&nbsp;(NYSE: <a class="ticker" href="/stock/gbil#NYSE">GBIL</a>)</p>
<p>	The fund seeks to track the Citi US Treasury 0&ndash;1 Year Composite Select Index, which is designed to measure the performance of U.S. Treasury Obligations with a maximum remaining maturity of one year, through an easy access vehicle. Holding 14 securities in its basket, it has average maturity and effective duration of 0.34 years each. The ETF has an expense ratio of 0.12% and trades in a lower volume of 77,000 shares. It has amassed $1.2 billion in its asset base and has gained 0.2% so far this year.</p>
<p>	<strong>JPMorgan Ultra-Short Income ETF</strong>&nbsp;(BATS:JPST)</p>
<p>	JPST seeks to deliver current income while managing risk. It invests primarily in a diversified portfolio of short-term, investment-grade fixed and floating-rate corporate and structured debt while actively managing credit and duration exposure. The fund holds 390 securities in its basket with effective duration of 0.50 years. It has accumulated $641.4 million in its asset base while trades in a good volume of around 134,000 shares a day. It charges 18 bps in annual fees and is up 0.7% in the year-to-date time frame.</p>
<p>&nbsp;</p>
<p><em>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. <a href="http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&amp;ADID=BENZ_CONTENT_ZER_ARTCAT_ETF_NEWS_AND_COMMENTARY&amp;cid=CS-BENZ-FT-303781" target="_blank">Click to get this free report</a></em></p>


Futures

4 Ultra-Short Bond ETFs To Hedge Against Rising Rates

<p>Year-to-date, three fixed income exchange-traded funds are among the top 10 ETFs in terms of new assets added. The <b>iShares Short Treasury Bond ETF </b>(NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>) and the <b>iShares Core Aggregate Bond ETF</b> (NYSE: <a class="ticker" href="/stock/agg#NYSE">AGG</a>) probably don&#39;t come as surprises regarding bond fund asset-gathering proficiency.</p>
<p>The <b>Vanguard Total International Bond ETF</b> (NASDAQ: <a class="ticker" href="/stock/bndx#NASDAQ">BNDX</a>) is making a name for itself as well and doing so with scant exposure to U.S. debt. At the end of the first quarter, BNDX allocated just 3 percent of its weight to U.S. bonds. The fund&#39;s total North American exposure was just 8.40 percent, <a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3711&amp;FundIntExt=INT&amp;funds_disable_redirect=true#tab=2">according to issuer data</a>.</p>
<h3>
	<b>What Happened</b></h3>
<p>Year-to-date, investors have added $2.31 billion to BNDX, good for the third-best total among U.S.-listed fixed income ETFs and the 10th-best among all US-listed ETFs. At the end of the first quarter, BNDX had $11.1 billion in assets under management. The fund has seen second-quarter inflows of just over $379 million.</p>
<p>BNDX tracks the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). As its name implies, that index hedges currency risk, meaning that if the recent uptick in the dollar is sustainable, more investors could be drawn to BNDX.</p>
<h3>
	<b>Why It&#39;s Important </b></h3>
<p>Investors&#39; increased interest in BNDX likely isn&#39;t yield-driven. The ETF&#39;s yield is just 2.22 percent, typically not enough to get investors interested in international debt when 10-year Treasuries are well above that range.</p>
<p>Investors could be leaning to BNDX based on the notion that few if any of its marquee geographic exposures are likely to raise interest rates this year. That or market participants are favoring BNDX as a way to bet on a resurgent dollar while generating some income.</p>
<h3>
	<b>What&#39;s Next </b></h3>
<p>Credit risk isn&#39;t an issue with BNDX as 83 percent of its 4,815 holdings are rated AAA, AA or A. The ETF&#39;s duration is 7.9 years with an average effective maturity of 9.4 years. In the absence of surprise interest rate cuts by member countries, BNDX&#39;s near-term capital appreciation potential could be driven in large part by the U.S. dollar.</p>
<p><i>Related Links:</i></p>
<p><i><a href="https://www.benzinga.com/trading-ideas/long-ideas/18/04/11562008/investing-international-multi-factor-etfs">Evaluating International Multi-Factor ETFs</a></i></p>
<p><i><a href="https://www.benzinga.com/trading-ideas/long-ideas/18/04/11562005/the-domestic-advantage-helping-small-cap-etfs">Help For Small-Cap ETFs</a></i></p>


BNDX

One Of This Top Asset-Gathering Bond ETFs Has Little US Debt

<p>Some exchange-traded funds provide investors with an alternative to money markets and other low-yielding cash instruments. The newest addition to that field is the <strong>PowerShares Exchange-Traded Fund Trust II</strong> (NYSE: CLTL), which debuted Thursday.</p>
<p>This PowerShares treasury collateral portfolio follows the ICE U.S. Treasury Short Bond Index. </p>
<h3>CLTL's Index</h3>
<p>&ldquo;The Index measures the performance of US Treasury Obligations with a maximum remaining term to maturity of 12 months. The Fund is not a money market fund and does not attempt to maintain a stable net asset value (NAV),&rdquo; according to <a href="https://www.invesco.com/portal/site/us/financial-professional/etfs/product-detail?productId=CLTL">Invesco PowerShares</a>, the fourth-largest U.S. ETF issuer.</p>
<p>All of CLTL&#39;s 74 holdings have maturities that do not exceed one year. The holdings in the new ETF are rated AA by Standard &amp; Poor&#39;s and Aaa by Moody&#39;s.</p>
<h3>Catalysts And Politics</h3>
<p>CLTL competes against established ETFs &mdash; such as the <strong>iShares Barclays Short Treasury Bond Fnd</strong> (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>), which tracks the same index as the new PowerShares offering. With new <a href="https://www.benzinga.com/news/17/01/8905533/ftc-chair-edith-ramirez-notable-mlm-opponent-to-step-down-next-month">money market rules</a> on the horizon, there could be an increasing market for ETFs such as CLTL and SHV.</p>
<p>In an effort to avoid &ldquo;another debacle in money market funds after the financial downturn, the Securities and Exchange Commission is expected to implement a round of new rules that could change the way the $2.7 trillion money market works, which could potentially trigger billions in outflows from these traditionally safe investments and opening up opportunities in cash-alternatives like ultra-short-duration bond ETFs, like CLTL,&rdquo; reported <a href="http://www.etftrends.com/2017/01/powershares-launches-ultra-short-term-bond-etf-cash-alternative/">ETF Trends</a>.</p>
<p>CLTL charges just 0.08 percent per year, or $8 on a $10,000 investment. That is significantly less expensive than the 0.15 percent per year charged by the rival SHV.</p>


A New ETF That's An Alternative To Cash

<p>As global equity markets have seen increased turbulence to start 2016, investors have been running to safe-haven destinations. That includes exchange-traded funds holding U.S. government bonds. Professional investors are expected to boost their usage of <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5994963/november-outflows-reflect-etf-investors-view-on-fed">fixed-income ETFs </a>with nearly two-thirds already owning bond ETFs, according to a recent Greenwich Associates study.</p>
<p>Year-to-date, five of the top 10 asset gathering ETFs are fixed income funds, and each member of that quintet is a U.S. government bond fund &ndash; led by <strong>iShares Barclays 20+ Yr Treas.Bond (ETF) </strong>(NYSE: <a class="ticker" href="/stock/tlt#NYSE">TLT</a>). Barely more than a month ago, longer-dated government bond ETFs, such as TLT, looked like they could be in trouble after the Federal Reserve boosted interest rates for the first time in nearly a decade. </p>
<p><Bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/01/6168671/a-different-spin-on-the-traditional-bond-etf">A Different Spin On The Traditional Bond ETF</a></bzrelatedlink></p>
<h3>The Fed And Bond ETFs</h3>
<p>&ldquo;Continuing worries about the impact of ongoing economic volatility has seen the bond market on both sides of the Atlantic move into full risk off mode over the last fortnight,&rdquo; said <a href="http://www.markit.com/Commentary/Get/27012016-Credit-Uncertainty-sees-market-load-up-on-government-bonds">Markit</a> in a recent note. &ldquo;The risk perceptions in corporate bonds, as gauged by the benchmark spread in euro and dollar investment grade bonds, had held steady near the levels seen at the start of the year as late as January 10, but fears around the health of the global economy have seen that measure of market uncertainty surge to levels not seen since 2012.&rdquo;</p>
<p>TLT has added $1.66 billion in new assets this year, while investors have poured $1.32 billion into the <strong>iShares Barclays 7-10 Year Treasry Bnd Fd</strong> (NYSE: <a class="ticker" href="/stock/ief#NYSE">IEF</a>). IEF has a 30-day SEC yield of 1.88 percent and an effective duration of almost 7.6 years.</p>
<p>&ldquo;According to <a href="https://www.google.co.uk/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=0ahUKEwjIit_k88nKAhWI_nIKHWL5DyEQFggyMAA&amp;url=https%3A%2F%2Fwww.markit.com%2FProduct%2FETP&amp;usg=AFQjCNFTtP8rPaoahU8QjlKZ88TqhBtqnw&amp;sig2=HJl-hvtV8l4jCJ1wFzpVTw&amp;bvm=bv.112766941,d.bGQ">Markit&rsquo;s ETP service</a>, Sovereign bond funds listed in Europe and America have seen around $10 billion of inflows so far in January which puts the asset class on track for its best monthly inflow since February 2014,&rdquo; said Markit. </p>
<p>The <strong>iShares Barclays 1-3 Year Treasry Bnd Fd</strong> (NYSE: <a class="ticker" href="/stock/shy#NYSE">SHY</a>) rounds out the top five asset-gathering ETFs to this point in 2016. SHY has hauled in $1.16 billion in new money. No ETF has seen greater inflows than the $2.69 billion added by the <strong>iShares Barclays Short Treasury Bond Fnd</strong> (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>). SHV has an effective duration of just 0.38 years. </p>
<p>&ldquo;American investors have proven to be the most eager to ride this trend as the 88 government bond funds listed in the region have taken the lion&rsquo;s share of inflows after attracting $8.5 billion of new assets. This represents a significant 13 percent of the $62 billion managed by these funds since the start of the year,&rdquo; added Markit.</p>
<p><em>Image Credit: By Roman Boed [<a href="http://creativecommons.org/licenses/by/2.0">CC BY 2.0</a>], <a href="https://commons.wikimedia.org/wiki/File%3AThe_US_Treasury_Department.jpg">via Wikimedia Commons</a></em></p>


Intraday Update

iShares Trust Barclays 7-10 Year Treasury Bond Fund

iShares Trust Barclays 20+ Year Treasury Bond Fund

Investors Load Up On Bond ETFs As Markets Remain Volatile

<p>Despite global volatility and a lack of clarity regarding when the Federal Reserve will raise interest rates, U.S.-listed exchange-traded funds continue to gather assets at breakneck speed.</p>
<p>
	After adding $19 billion last month, exchange-traded products trading in the United States, including ETFs and exchange-traded notes (ETNs) have hauled in $145 billion in new assets through the first nine months of this year &ndash; a record for that time frame, according to <a href="http://etfgi.com/news/detail/newsid/686">ETFGI</a>, a London-based ETF research firm.&nbsp;</p>
<p>
	Last month, fixed-income ETFs were the dominant asset gatherers, accounting for half of the month&#39;s inflows after the Federal Reserve declined to boost borrowing costs following its September meeting. During the third quarter, five of the top 10 asset-gathering ETFs <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/10/5905516/forget-the-fed-investors-are-loving-bond-etfs">were bond funds</a>, a quintet that includes the <b>iShares Barclays 20+ Yr Treas.Bond (ETF) </b> (NYSE: <a class="ticker" href="/stock/tlt#NYSE">TLT</a>),<b>iShares Short Treasury Bond Fnd</b> (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>) and the <b>SPDR Lehman 1-3 Month T Bill (ETF)</b> (NYSE: <a class="ticker" href="/stock/bil#NYSE">BIL</a>). </p>
<p><bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/10/5928973/yes-this-equal-weight-etf-really-works">Yes, This Equal-Weight ETF Really Works</a></bzrelatedlink></p>
<h3>Asset-Gathering ETF Trend</h3>
<p>That data jibes with recent data from <b>Charles Schwab Corp. </b> (NYSE: <a class="ticker" href="/stock/schw#NYSE">SCHW</a>). The seventh-largest U.S. ETF issuer said in its <a href="http://www.benzinga.com/news/15/10/5926084/charles-schwab-continues-etf-ascent">Schwab Third-Quarter Snapshot</a> that half of the third-quarter inflows across its ETF platform were allocated to bond funds.</p>
<p>That trend is continuing again in the fourth quarter as four of the top five asset-gathering ETFs and five of the top 10 are fixed income funds. In the current quarter, investors are favoring corporate bond funds, including high-yield fare, such as the <b>SPDR Barclays Capital High Yield Bnd ETF</b> (NYSE: <a class="ticker" href="/stock/jnk#NYSE">JNK</a>), the second-largest junk bond ETF.</p>
<p>&ldquo;YTD through the end of September 2015, ETFs/ETPs have gathered record net inflows of US$145.4 billion. Equity ETFs/ETPs gathered the largest net inflows YTD with US$91.6 billion, followed by fixed income ETFs/ETPs with US$38.9 billion and commodity ETFs/ETPs with US$1.1 billion,&rdquo; according to ETFGI.</p>
<h3>Leaders In Asset-Gathering</h3>
<p><b>BlackRock, Inc.</b> (NYSE: <a class="ticker" href="/stock/blk#NYSE">BLK</a>)'s iShares was the top asset gatherer among ETF issuers last month, followed by <b>State Street Corp (NYSE: <a class="ticker" href="/stock/stt#NYSE">STT</a>) State Street Global Advisors.</b></p>
<p>&ldquo;iShares gathered the largest net ETF/ETP inflows YTD with US$58.2 billion, followed by Vanguard with US$52.8 billion, <b>WisdomTree Investments, Inc.</b> (NASDAQ: <a class="ticker" href="/stock/wetf#NASDAQ">WETF</a>) with US$19.6 billion, Deutsche Bank with US$16.4 billion, and Schwab ETFs with US$9.8 billion in net inflows,&rdquo; noted ETFGI.</p>
<h3>Forerunners</h3>
<p>Half of the top 10 asset-gathering ETFs on a year-to-date basis are iShares funds, while three are Vanguard funds. The other two, the top two in fact, are currency hedged ETFs sponsored by WisdomTree and Deutsche Bank. The WisdomTree Europe Hedged Equity Fund (<strong>WisdomTree Inter Hedged Eq Fund</strong> (NYSE: <a class="ticker" href="/stock/hedj#NYSE">HEDJ</a>)) and the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (<strong> DBX ETF Trust</strong> (NYSE: <a class="ticker" href="/stock/dbef#NYSE">DBEF</a>)) have added over $27.5 billion in new assets combined this year.</p>
<p><em>Image Credit: <a href="https://pixabay.com/en/cigarettes-ashtray-money-621346/">Public Domain</a></em></p>


Sector ETFs

Broad U.S. Equity ETFs

Pre-Market Outlook

DBEF

HEDJ

SCHW

WETF

Year-To-Date ETF Inflows Jump To A Record $145 Billion

<p>It sounds like a conversation one might have with his or her irascible grandfather or Donald Trump: The United States owes China a lot of money by way of all the U.S. Treasurys China has gobbled up over the years, and one day, China is going to come calling, wanting to be paid.</p>
<p>That day may have already arrived. Sure, two days of surging equity markets is playing a part, but it is worth noting 10-year Treasury yields have jumped nearly 6 percent over the past five days. Bond yields rise as prices fall, and prices fall, usually, because investors are selling. China is doing that with some of its massive Treasury stakes because it needs dollars to support its recently devalued currency, the yuan.</p>
<h3>China's Actions</h3>
<p>&ldquo;The People&rsquo;s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that&rsquo;s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months.</p>
<p><bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/08/5794683/exclusive-bmo-isnt-sweating-china">Exclusive: BMO Isn't Sweating China</a></bzrelatedlink></p>
<p>&quot;The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey,&rdquo; reported <a href="http://www.bloomberg.com/news/articles/2015-08-27/china-said-to-sell-treasuries-as-dollars-needed-for-yuan-support">Bloomberg News</a>.</p>
<p>Recent data suggest China held $1.48 trillion worth of Treasurys, according to Bloomberg. Said differently, China&#39;s Treasury stake is more than double <strong>Apple Inc.</strong> (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>)'s market value. China&#39;s sales of Treasurys may actually have been well-timed because some experts believe China was selling U.S. government debt as global stocks were sinking, meaning other investors were rushing into Treasurys and China&#39;s sales actually did not cause soaring Treasury yields.</p>
<h3>Is It True?</h3>
<p>Data suggest there might be something to that line of thinking. For the week ended August 25, no ETF has added more than the $1 billion taken in by the <strong>iShares Barclays Short Treasury Bond Fnd</strong> (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>). SHV has an effective duration of just 0.41 years, so its 30-day SEC yield is a scant 0.16 percent. Duration is a bond&#39;s sensitivity to interest rate changes.</p>
<p>Recent enthusiasm for SHV &ldquo;clearly reflects levels of panic that institutional investors have experienced in recent sessions watching the SPX fall from a 2100 handle down to the 1800s before today&rsquo;s rebound back to the 1977 level, at least temporarily,&rdquo; said <a href="http://streetonefinancial.com/">Street One Financial</a> Vice President Paul Weisbruch in a note out Thursday.</p>
<p>The <strong>iShares Barclays 1-3 Year Treasury Bnd Fd</strong> (NYSE: <a class="ticker" href="/stock/shy#NYSE">SHY</a>) has also been a popular destination in recent days. SHY added nearly $526 million for the week ended August 25, better inflows than all but three ETFs over that span. Apparently, investors are not too concerned about China dumping longer Treasurys, because the <strong>iShares Barclays 20+ Yr Treas.Bond (ETF)</strong> (NYSE: <a class="ticker" href="/stock/tlt#NYSE">TLT</a>), an ETF with an effective duration of 17.26 years, has added $300.7 million in recent days.</p>
<p>On an incremental basis, some traders are betting on more upside for longer-dated Treasury yields. Whether China is the catalyst or not, the <strong>Direxion Daily 20 Year Plus Treasury Br</strong> (NYSE: <a class="ticker" href="/stock/tmv#NYSE">TMV</a>), an ETF that attempts to deliver three times the daily inverse performance of an index comprised of longer-dated Treasurys, has seen August inflows of $14.3 million.</p>


Emerging Markets

Events

Global

Direxion Daily 20+ Year Treasury Bear 3X Shares

Blame China If Your Treasury ETF Is Falling

<p>
	The recent volatility in the stock market has brought to light many unique products that take advantage of investor fear. This includes inverse, leveraged and VIX futures funds such as the <strong>iPath S&amp;P 500 VIX Short-Term Futures ETN</strong> (VXX).</p>
<p>
	While those aggressive vehicles garner exciting headlines for fast-paced moves in the trading community, it is generally too speculative for most investors.</p>
<p>
	So where are ETF investors hiding out during this tumultuous period?</p>
<p>
	The answer, not surprisingly, is cash and short-term Treasuries. According to <a href="http://www.etf.com/etfanalytics/etf-fund-flows-tool.html">fund flow data</a> from October 15 to October 21, the top two ETFs for net inflows were the<strong> iShares 1-3 Year Treasury Bond ETF</strong> (NYSE: <a class="ticker" href="/stock/shy#NYSE">SHY</a>) and <strong>iShares Short Treasury Bond Fnd&nbsp;</strong>(NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>).</p>
<p>
	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/etfs/sector-etfs/14/10/4940333/boost-your-technology-dividends-with-a-unique-covered-call-etf">Boost Your Technology Dividends With A Unique Covered Call ETF</a></bzrelatedlink></p>
<p>
	SHY gained nearly $2 billion in assets, while SHV increased its total by more than $1 billion over the last week. On the flip side, the <strong>SPDR S&amp;P 500 ETF</strong> (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) lost nearly $10 billion during that same period.</p>
<p id="preview-wrapper" style="height: 219px;">
	<a href="https://www.benzinga.com/imce?app=nomatter%7Cimceload@imceInline.load#" onclick="imce.send('shy.png'); return false;" style="font-size: 13px;" title="Insert file"><img alt="shy.png" height="184" src="https://www.benzinga.com/files/u79448/shy.png" width="360" /></a></p>
<p>
	Often times investors that are anticipating a deeper correction will trade in their risk assets such as stocks and commodities for short-duration Treasuries, which are considered safer instruments.</p>
<p>
	However, with interest rates trading near historical lows, these short-term Treasury bond ETFs offer a very meager yield. As an example, SHY offers a 30-day SEC yield of just 0.33 percent. That&#39;s one third of 1 percent per year for the privilege of owning a credit-risk free ETF with very low sensitivity to interest rates.</p>
<p>
	This spike in inflows to short-duration Treasury ETFs is likely the result of large portfolios seeking short-term holding places instead of a traditional money market fund. However, that can certainly develop into a longer term hiding spot if stocks remain on uncertain footing.</p>
<p>
	ETF fund flows are known to chase top performing areas of the market, particularly when trend changes force the hand of investors looking to shelter their gains or profit from new opportunities.</p>


ETF Investors Are Hoarding Cash On Stock Volatility

<p>Here is the ETF Professor's ETF Watch List for Friday, April 26, 2013.</p>

<p>Can the rally in the iShares Gold Trust (NYSE: <a class="ticker" href="/stock/iau#NYSE">IAU</a>) and the Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>) be trusted?</p>

<p>Give the iShares Dow Jones US Healthcare Provider Index Fund (NYSE: <a class="ticker" href="/stock/ihf#NYSE">IHF</a>) a look.</p>

<p>GDP report play: SPDR S&amp;P Homebuilders ETF (NYSE: <a class="ticker" href="/stock/xhb#NYSE">XHB</a>).</p>

<p>Emerging markets plays of the day: Market Vectors Egypt ETF (NYSE: <a class="ticker" href="/stock/egpt#NYSE">EGPT</a>), WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>) and the iShares S&amp;P Latin America 40 Index Fund (NYSE: <a class="ticker" href="/stock/ilf#NYSE">ILF</a>).</p>

<p>Forex play of the day: ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>).</p>

<p>Bond play of the day: iShares Barclays Short Treasury Bond Fund (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>).</p>

Emerging Market ETFs

Currency ETFs

EGPT

Market Vectors ETF Trust Market Vectors Gold Miners

iShares Dow Jones US Health Care Provides Index Fund

iShares Trust S&P Latin America 40 Index Fund

ETFs to Watch April 26, 2013 (IHF, SHV, XHB)

<p>Financial markets continue to evolve, but some portfolio managers and market theorists still place an emphasis on proper asset allocation. To be sure, there's something to be said for having a portfolio that stretches beyond the confines of just one asset class. </p>

<p>Fortunately for investors that don't find the subject of proper asset allocation to be stimulating conversation, there are ETFs to help with the chore of ensuring one's portfolio has the look of being allocated the way some of the pros would recommend. </p>

<p>Not surprisingly, asset allocation funds are another are of the exchange-traded products universe that ETF sponsors are looking to for future growth as more of these funds <a href="http://www.benzinga.com/markets/bonds/12/04/2500353/advisorshares-may-list-business-cycle-etf-dbiz-hdge-hyld">are seen coming to market</a>. </p>

<p>For now, we'll focus on the currently existing products starting with the...</p>

<p><b>iShares S&amp;P Conservative Allocation Fund (NYSE: <a class="ticker" href="/stock/aok#NYSE">AOK</a>)</b>
The iShares S&amp;P Conservative Allocation Fund, which will turn four years old later this year, is really an ETF fund of funds as its top-10 holdings are all other iShares ETFs. Looking at the asset class breakdown, AOK is definitely conservative as U.S. fixed income funds account for almost 74% of the fund's weight. Domestic and global stocks account for the rest. </p>

<p>The iShares Barclays Aggregate Bond Fund (NYSE: <a class="ticker" href="/stock/agg#NYSE">AGG</a>) by itself commands an allocation of nearly 30% in AOK. Other holdings include the iShares Barclays Short Treasury Bond Fund (NYSE: <a class="ticker" href="/stock/shv#NYSE">SHV</a>) and the iShares iBoxx $ High Yield Corporate Bond Fund (NYSE: <a class="ticker" href="/stock/hyg#NYSE">HYG</a>).</p>

<p><b>iShares S&amp;P Growth Allocation Fund (NYSE: <a class="ticker" href="/stock/aor#NYSE">AOR</a>)</b>
The iShares S&amp;P Growth Allocation Fund is also nearly four years old and it's one of the largest asset allocation ETFs on the market today with over $136 million in assets under management. Some investors might assume AOR is loaded with speculative fare because "growth" is in the ETF's name. That's not the case. </p>

<p>The iShares S&amp;P 500 Index Fund (NYSE: <a class="ticker" href="/stock/ivv#NYSE">IVV</a>) accounts for 34.4% of AOR's weight while AGG chimes in at almost 20%. The fund also features exposure to the iShares S&amp;P SmallCap 600 Index Fund (NYSE: <a class="ticker" href="/stock/ijr#NYSE">IJR</a>) and the iShares MSCI Emerging Markets Index Fund (NYSE: <a class="ticker" href="/stock/eem#NYSE">EEM</a>).</p>

<p><b>PowerShares RiverFront Tactical Growth &amp; Income Portfolio (NYSE: <a class="ticker" href="/stock/pca#NYSE">PCA</a>)</b>
The PowerShares RiverFront Tactical Growth &amp; Income Portfolio, which will turn four in a few weeks and is home to $17.3 million in AUM, uses a similar approach to AOK and AOR in that it's an ETF fund of funds. </p>

<p>PCA current asset allocation breakdown is almost 41% fixed income, just over 40% to U.S. stock ETFs and 15.1% to international stock ETFs. Top-10 holdings include the PowerShares Fundamental High Yield Corporate Bond ETF (NYSE: <a class="ticker" href="/stock/phb#NYSE">PHB</a>), the PowerShares Dividend Achievers ETF (NYSE: <a class="ticker" href="/stock/pfm#NYSE">PFM</a>) and the PowerShares Hi-Yield Dividend Achievers ETF(NYSE: <a class="ticker" href="/stock/pey#NYSE">PEY</a>). PCA also features iShares, SPDRs, Vanguard and WisdomTree ETFs among its holdings.</p>

<p><b>Global X Permanent ETF (NYSE: <a class="ticker" href="/stock/perm#NYSE">PERM</a>)</b>
The Global X Permanent ETF debuted in February and has thus far done a fine job of attracting assets from investors as the fund is now home to $11.1 million in AUM.  The ETFS Physical Swiss Gold Shares (NYSE: <a class="ticker" href="/stock/sgol#NYSE">SGOL</a>) is PERM's top holding at almost 20% of the fund's weight and the ETFS Physical Silver Shares (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>) accounts for almost 5%.</p>

<p>Long-term and short-term Treasuries each receive allocations of roughly 25%. The other quarter of PERM's weight goes to a mix of domestic and international equities, but unlike the other funds on this list, PERM does hold common stocks and ADRs such as Apple (Nasdaq: <a class="ticker" href="/stock/aapl#Nasdaq">AAPL</a>), Chevron (NYSE: <a class="ticker" href="/stock/cvx#NYSE">CVX</a>), Royal Dutch Shell (NYSE: RDS-A) and Rio Tinto (NYSE: <a class="ticker" href="/stock/rio#NYSE">RIO</a>). Two Vanguard ETFs are also found among PERM's equity holdings.</p>

<p>For more on forgotten ETFs, please click <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/04/2476979/4-ex-etfs-your-broker-forgot-to-mention-dtn-axen-fdt">HERE</a>.</p>

Commodities

After-Hours Center

PowerShares RiverFront Tactical Growth & Income Portfolio

PERM

PowerShares Exchange Traded Fund Trust Dividend Achievers Portfolio

PowerShares Fundamental High Yieldorate Bond Portfolio

SGOL

SIVR

4 Asset Allocation ETFs Your Broker Forgot to Mention (PERM, PCA)

<p>BlackRock extended its target-date series of ETFs with the recent (8/18/11) introduction of <strong>iShares S&amp;P Target Date 2045 Index Fund (TZW)</strong> <strong>and iShares S&amp;P Target Date 2050 Index Fund (TZY)</strong>.  The lineup now includes ETFs from 2010 – 2050, in five-year increments, plus the iShares S&amp;P Target Date Retirement Income Fund (<a class="ticker" href="/stock/tgr#">TGR</a>).  All ETFs in the series hold other iShares ETFs instead of individual stocks and bonds.</p>
<p>Target-date funds are one-stop shopping for investors who want to avoid the details of an asset allocation plan.  An additional benefit is that the allocations are automatically adjusted over time, becoming gradually more conservative as the target date approaches.  Investor flows into these ETFs has generally lagged.  This could change as they make their way into more 401k plans, where target-date funds are often the default investment option.</p>
<p>For the 2045 TZW fund, the current asset class breakdown is Domestic Equity 59.0%, International Equity 29.3%, Domestic Fixed Income 10.3%, and Domestic Real Estate 1.4%.  TZY, the 2050 fund, has slightly less Domestic Fixed Income at 8.4% with the other asset classes receiving proportionate increases.  Neither ETF includes gold or other commodities.</p>
<p>For TZW 2045, current holdings are iShares S&amp;P 500 (<a class="ticker" href="/stock/ivv#">IVV</a>) 46.4%, iShares MSCI EAFE (<a class="ticker" href="/stock/efa#">EFA</a>) 25.3%, iShares S&amp;P MidCap 400 (<a class="ticker" href="/stock/ijh#">IJH</a>) 7.5%, iShares Barclays Aggregate Bond (<a class="ticker" href="/stock/agg#">AGG</a>) 6.8%, iShares S&amp;P SmallCap 600 (<a class="ticker" href="/stock/ijr#">IJR</a>) 5.1%, iShares MSCI Emerging Markets (<a class="ticker" href="/stock/eem#">EEM</a>) 4.0%, iShares iBoxx High Yield Corporate Bond (<a class="ticker" href="/stock/hyg#">HYG</a>) 1.8%, iShares Barclays Short-Term Treasury (<a class="ticker" href="/stock/shv#">SHV</a>) 1.7%, and iShares Cohen &amp; Steers Realty Majors (<a class="ticker" href="/stock/icf#">ICF</a>) 1.4%.</p>
<p>The expense ratio for each new ETF is capped at 0.32%, which is quite reasonable for fund-of-funds products.  BlackRock waives 0.14% from the 0.46% gross expense since they will also earn the 0.21% acquired fund expenses on the underlying iShares funds.</p>
<p>The <a href="http://investwithanedge.com/tdxdb-x-wisdomtree-and-velocityshares-changes" target="_blank">db-X Target Date ETFs</a> are currently the only competition to iShares in this arena.</p>
<p>The <a href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/prospectus/target_date_prospectus.pdf&amp;mimeType=application/pdf" target="_blank">prospectus</a> (pdf) covers TZW and TZY along with all the existing ETFs in the iShares S&amp;P Target-Date Series.  Other information can be found in the <a href="http://us.ishares.com/product_info/fund/overview/TZW.htm" target="_blank">TZW 2045 overview</a>, <a href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/fact_sheet/tzw.pdf&amp;mimeType=application/pdf" target="_blank">TZW 2045 fact sheet</a> (pdf), <a href="http://us.ishares.com/product_info/fund/overview/TZY.htm" target="_blank">TZY 2050 overview</a>, and <a href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/fact_sheet/tzy.pdf&amp;mimeType=application/pdf" target="_blank">TZY 2050 fact sheet</a> (pdf).</p>
<p><em>Disclosure covering writer, editor, and publisher:  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.</em></p>
<p><img src="http://investwithanedge.com/?ak_action=api_record_view&amp;id=14186&amp;type=feed" alt="" /></p>


iShares Trusthen & Steers Realty Majors Index Fund

iShares S&P Target Date Retirement Income Index Fund

iShares Target Date Series Extended to 2050

<p> </p>
<div>
<div>
<h1></h1>
</div>
<p>High yield bond ETFs concentrate on lower quality corporate bonds, which are considered riskier than higher-quality or more established companies. Because of this higher level of risk, high-yield bonds, also known as junk bonds, offer higher yields to investors. US high yield bond ETFs invest at least 65% of capital in binds that are not rated or are rated by S&amp;P or Moody's at or below BB (considered speculative). Because of high returns and the potential for diversification across many markets, regions, and industries, high yield bonds are a major part of many investment strategies.</p>
<div> <span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: "Times New Roman","serif"; color: black;">We track <a href="http://www.myplaniq.com/LTISystem/advanced__markets.action">asset class movement</a> and you can see here the fixed income table which is updated weekly.</span></span></div>
<p></p>
<div>
<table border="0" cellspacing="10">
<tbody>
<tr>
<th align="left"><strong>Assets Class</strong></th>
<th><strong>Symbols</strong></th>
<th><strong>05/06<br /> Trend<br /> Score</strong></th>
<th><strong>04/29<br /> Trend<br /> Score</strong></th>
<th><strong>Direction</strong></th>
</tr>
<tr>
<td>International Inflation Protected</td>
<td>WIP</td>
<td>6.74%</td>
<td>9.22%</td>
<td>v</td>
</tr>
<tr>
<td>High Yield</td>
<td>JNK</td>
<td>5.54%</td>
<td>5.68%</td>
<td>v</td>
</tr>
<tr>
<td>International Treasury</td>
<td>BWX</td>
<td>5.1%</td>
<td>6.82%</td>
<td>v</td>
</tr>
<tr>
<td>Long Term Credit</td>
<td>LQD</td>
<td>3.48%</td>
<td>2.87%</td>
<td>^</td>
</tr>
<tr>
<td>Emerging Mkt Bonds</td>
<td>PCY</td>
<td>3.48%</td>
<td>2.21%</td>
<td>^</td>
</tr>
<tr>
<td>20+ Year Treasury</td>
<td>TLT</td>
<td>3.38%</td>
<td>1.63%</td>
<td>^</td>
</tr>
<tr>
<td>Inflation Protected</td>
<td>TIP</td>
<td>3.09%</td>
<td>3.27%</td>
<td>v</td>
</tr>
<tr>
<td>10-20Year Treasury</td>
<td>TLH</td>
<td>2.88%</td>
<td>1.73%</td>
<td>^</td>
</tr>
<tr>
<td>Intermediate Term Credit</td>
<td>CIU</td>
<td>2.43%</td>
<td>2.06%</td>
<td>^</td>
</tr>
<tr>
<td>Intermediate Treasury</td>
<td>IEF</td>
<td>2.39%</td>
<td>1.65%</td>
<td>^</td>
</tr>
<tr>
<td>US Total Bond</td>
<td>BND</td>
<td>2.1%</td>
<td>1.77%</td>
<td>^</td>
</tr>
<tr>
<td>MBS Bond</td>
<td>MBB</td>
<td>1.92%</td>
<td>1.83%</td>
<td>^</td>
</tr>
<tr>
<td>California Muni</td>
<td>CMF</td>
<td>1.74%</td>
<td>1.99%</td>
<td>v</td>
</tr>
<tr>
<td>National Muni</td>
<td>MUB</td>
<td>1.57%</td>
<td>1.24%</td>
<td>^</td>
</tr>
<tr>
<td>Short Term Credit</td>
<td>CSJ</td>
<td>1.0%</td>
<td>1.09%</td>
<td>v</td>
</tr>
<tr>
<td>New York Muni</td>
<td>NYF</td>
<td>0.64%</td>
<td>0.51%</td>
<td>^</td>
</tr>
<tr>
<td>Short Term Treasury</td>
<td>SHY</td>
<td>0.55%</td>
<td>0.53%</td>
<td>^</td>
</tr>
<tr>
<td>Treasury Bills</td>
<td>SHV</td>
<td>0.08%</td>
<td>0.07%</td>
<td>^</td>
</tr>
</tbody>
</table>
<p>  Trend score is the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).<br /> You can get a <a href="http://www.myplaniq.com/LTISystem/api__customize.action">no cost widget </a>for any of these tables which will automatically update weekly.</p>
<p><a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=FixedIncomeReturnTable"> <img src="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=FixedIncomeReturnTable"     width='600' height='400' /> </a></p>
<p><a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_lowtablechart.action?tableName=FixedIncomeReturnTable"> <img src="http://www.myplaniq.com/LTISystem/article_lowtablechart.action?tableName=FixedIncomeReturnTable"     width='600' height='400' /> </a></p>
</div>
<div></div>
<div>At the end of last week (5/6/2011), high yield bond ETFs, represented by the SPDR Barclays Capital High Yield (JNK), stood among the top of the Fixed Income Return Table. Yields in the sector have declined as risk premiums have tightend on stronger performance by companies with lower credit ratings. While returns on corporate bonds have declined slightly in recent periods, ETFs that track the market have continually offered strong returns relative to other fixed income securities. </div>
<div></div>
<div>
<div id="highYieldBonds" class="back">
<h2><span> U.S. High Yield Bonds</span></h2>
<p><span>05/06/2011</span></p>
<div class="dividerTop">
<table id="HighYieldBond" class="tablesorter" border="2" cellspacing="2" cellpadding="2">
<thead>
<tr>
<th > Description </th>
<th > Symbol </th>
<th > 1 Yr </th>
<th > 3 Yr </th>
<th > 5 Yr </th>
<th > Avg. Volume(K) </th>
<th > 1 Yr Sharpe </th>
</tr>
</thead>
<tbody>
<tr class="even">
<td>iShares iBoxx $ High Yield Corp</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=HYG&amp;type=1&amp;includeHeader=true" target="_blank">HYG</a></td>
<td>17.67%</td>
<td>7.03%</td>
<td>NA</td>
<td>1,247</td>
<td>270.24%</td>
</tr>
<tr class="odd">
<td>SPDR Barclays Capital High Yield</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=JNK&amp;type=1&amp;includeHeader=true" target="_blank">JNK</a></td>
<td>20.83%</td>
<td>8.41%</td>
<td>NA</td>
<td>2,972</td>
<td>279.79%</td>
</tr>
<tr class="even">
<td>PowerShares Fundamental High Yield</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=PHB&amp;type=1&amp;includeHeader=true" target="_blank">PHB</a></td>
<td>19.2%</td>
<td>0.79%</td>
<td>NA</td>
<td>302</td>
<td>318.25%</td>
</tr>
</tbody>
</table>
</div>
<div></div>
<div></div>
<div>Among US High Yield Bond ETFs, the top performers include the SPDR Barclays Capital High Yield (JNK), the Powershares Fundamental High Yield ETF (PHB), and the iShares iBoxx $ High Yield Corporate ETF (HYG) returning 20.83%, 19.20%, 17.67% respectively in the past year.</div>
<div></div>
<div>With the highest one-year return and the highest trading volume, the SPDR Barclays Capital High Yield ETF remains a srtong investment option. The ETF is well diversified, with no single bond comprising more than 4% of total assets and the top 10% of assets making up only 22.58% of the total. </div>
<div></div>
<div>Going forward, yields on high yield corporate debt should continue to tighten as long as companies continue to generate strong performance. Still, high yield corporate bond ETFs should continue to offer attractive returns relative to other fixed income assets. </div>
<div></div>
<div>Corporate bonds are an important component of diversified bond portfolios, as they offer greater returns and risks than government bonds. Due to their high level of interest paid, generally in the form of monthly distributions, corporate bond ETFs may be especially suitable for individuals approaching or already in retirement. As with any investment, it is important to make sure the risk and return levels match up with your personal investment goals. </div>
<div></div>
<div></div>
<div><strong>Symbols:</strong> <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=AGG&amp;count=00155'>AGG</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=BND&amp;count=00172'>BND</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SHV&amp;count=0091'>SHV</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SHY&amp;count=0090'>SHY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IEF&amp;count=0090'>IEF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TLH&amp;count=0019'>TLH</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TLT&amp;count=0092'>TLT</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TIP&amp;count=0040'>TIP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=WIP&amp;count=0027'>WIP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=HYG&amp;count=00104'>HYG</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=JNK&amp;count=0096'>JNK</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=PHB&amp;count=0090'>PHB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CSJ&amp;count=0073'>CSJ</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CIU&amp;count=00118'>CIU</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=LQD&amp;count=0073'>LQD</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=BWX&amp;count=0053'>BWX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CMF&amp;count=0014'>CMF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=NYF&amp;count=0014'>NYF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=MUB&amp;count=0087'>MUB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=MBB&amp;count=0078'>MBB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=PCY&amp;count=0038'>PCY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=EMB&amp;count=0035'>EMB</a><br /> <strong></strong></div>
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<div></div>
<div><strong>Tickers:</strong> (NYSE: AGG), (NYSE: BND), (NYSE: SHV), (NYSE: SHY), (NYSE: IEF), (NYSE: TLH), (NYSE: TLT), (NYSE: TIP), (NYSE: WIP), (NYSE: HYG), (NYSE: JNK), (NYSE: PHB), (NYSE: CSJ), (NYSE: CIU), (NYSE: LQD), (NYSE: BWX), (NYSE: CMF), (NYSE: NYF), (NYSE: MUB), (NYSE: MBB), (NYSE: PCY), (NYSE: EMB)</div>
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<p> </p>
<p ><strong><span style="color: #1e2d3b;">Disclosure:</span></strong></p>
<p><span style="color: #333333;"><a href="http://www.myplaniq.com/LTISystem/f401k__main.action">MyPlanIQ </a>does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.</span></p></div>
<div></div>
</div>
</div>
</div>
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iShares S&P California AMT-Free Municipal Bond Fund

iShares JPMorgan USD Emerging Markets Bond Fund

iShares S&P National AMT-Free Municipal Bond Fund

PowerShares Emerging Markets Sovereign  Portfolio

SPDR DB International Government Inflation-Protected Bond ETF

Appetite for US High Yield Bonds Remains High as Yields Tighten

<p>Emerging market bonds have become a large part of many investors' portfolios in  recent years. This can be attributed to an increase in the credit quality of the bonds  of foreign countries and companies. These bonds generally offer higher yields than T reasury bonds and domestic corporate bonds. ETFs that track this market allow investors  to diversify across many international regions and across countries of various size and  economic strength.</p>
<p>Recently, Emerging Market Bond ETFs have performed well when compared to other Fixed  Income Assets. With a trend score of 2.21%, Emerging Market Bond ETFs, represented by PowerShares Emerging Markets Sovereign Debt Portfolio (PCY) have shown  improvement in recent periods. This can be attributed to the continued growth and  economic strengthening of many developing nations along with the desire by many  investors to move money away from developed nations that have encountered economic  trouble.</p>
<p> </p>
<h2>Fixed Income Return Table</h2>
<h3>4/29/2011</h3>
<table border="0" cellspacing="10">
<tbody>
<tr>
<th align="left"><strong>Assets Class</strong></th>
<th><strong>Symbols</strong></th>
<th><strong>04/29<br />Trend<br /> Score</strong></th>
<th><strong>04/21<br />Trend<br /> Score</strong></th>
<th><strong>Direction</strong></th>
</tr>
<tr>
<td>International Inflation Protected</td>
<td>WIP</td>
<td>9.22%</td>
<td>7.53%</td>
<td>^</td>
</tr>
<tr>
<td>International Treasury</td>
<td>BWX</td>
<td>6.82%</td>
<td>4.91%</td>
<td>^</td>
</tr>
<tr>
<td>High Yield</td>
<td>JNK</td>
<td>5.68%</td>
<td>5.88%</td>
<td>v</td>
</tr>
<tr>
<td>Inflation Protected</td>
<td>TIP</td>
<td>3.27%</td>
<td>2.89%</td>
<td>^</td>
</tr>
<tr>
<td>Long Term Credit</td>
<td>LQD</td>
<td>2.87%</td>
<td>2.43%</td>
<td>^</td>
</tr>
<tr>
<td>Emerging Mkt Bonds</td>
<td>PCY</td>
<td>2.21%</td>
<td>1.52%</td>
<td>^</td>
</tr>
<tr>
<td>Intermediate Term Credit</td>
<td>CIU</td>
<td>2.06%</td>
<td>1.74%</td>
<td>^</td>
</tr>
<tr>
<td>California Muni</td>
<td>CMF</td>
<td>1.99%</td>
<td>0.42%</td>
<td>^</td>
</tr>
<tr>
<td>MBS Bond</td>
<td>MBB</td>
<td>1.83%</td>
<td>1.32%</td>
<td>^</td>
</tr>
<tr>
<td>US Total Bond</td>
<td>BND</td>
<td>1.77%</td>
<td>1.39%</td>
<td>^</td>
</tr>
<tr>
<td>10-20Year Treasury</td>
<td>TLH</td>
<td>1.73%</td>
<td>1.02%</td>
<td>^</td>
</tr>
<tr>
<td>Intermediate Treasury</td>
<td>IEF</td>
<td>1.65%</td>
<td>1.06%</td>
<td>^</td>
</tr>
<tr>
<td>20+ Year Treasury</td>
<td>TLT</td>
<td>1.63%</td>
<td>1.12%</td>
<td>^</td>
</tr>
<tr>
<td>National Muni</td>
<td>MUB</td>
<td>1.24%</td>
<td>0.84%</td>
<td>^</td>
</tr>
<tr>
<td>Short Term Credit</td>
<td>CSJ</td>
<td>1.09%</td>
<td>0.89%</td>
<td>^</td>
</tr>
<tr>
<td>Short Term Treasury</td>
<td>SHY</td>
<td>0.53%</td>
<td>0.46%</td>
<td>^</td>
</tr>
<tr>
<td>New York Muni</td>
<td>NYF</td>
<td>0.51%</td>
<td>0.06%</td>
<td>^</td>
</tr>
<tr>
<td>Treasury Bills</td>
<td>SHV</td>
<td>0.07%</td>
<td>0.09%</td>
<td>v</td>
</tr>
</tbody>
</table>
<p>The trend score is defined as the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).</p>
<p>In the past year, ETFs tracking Emerging Market Bonds have offered investors strong  performance, slightly above historical levels. EMB iShares JPMorgan USD Emerging Markets  ETF (EMB) lead within the sector, growing 9.3% in the past year. Over the past three years  EMB has returned 7.44%. Another strong performer in Emerging Market Bond ETFs has been PCY  PowerShares Emerging Markets (PCY), gaining 8.7% in the past year, slightly above its  three year growth of 8.32%.</p>
<p> </p>
<h2>Emerging Market Bonds</h2>
<h3>4/29/2011</h3>
<table border="2">
<tbody>
<tr>
<td>Description</td>
<td>Symbol</td>
<td>1 Year</td>
<td>3 Years</td>
</tr>
<tr>
<td>EMB iShares JPMorgan USD Emerg Mkt</td>
<td>EMB</td>
<td>9.3%</td>
<td>7.44%</td>
</tr>
<tr>
<td>PCY PowerShares Emerging Mkts</td>
<td>PCY</td>
<td>8.7%</td>
<td>8.32%</td>
</tr>
</tbody>
</table>
<p> </p>
<p>As developing economies continue to improve, Emerging Market Bond ETFs will remain an  important part of a well-diversified portfolio. With developed nations like the United  States, Japan, and certain European countries experiencing economic instability,  market participants will likely continue moving towards emerging market assets like Bond  ETFs.</p>
<p>Disclosure: MyPlanIQ does not have any business relationship with the company or  companies mentioned in this article. It does not set up their retirement plans.  The performance data of portfolios mentioned above are obtained through historical  simulation and are hypothetical.</p>
<p>Tickers: (NYSE: PCY), (NYSEArca: EMB), (NYSE: PCY), (NYSE: EMB), (NYSE: WIP), (NYSE: BWX), (NYSE: JNK), (NYSE: TIP), (NYSE:LQD), (NYSE:.PCY), (NYSE: CIU), (NYSE: CMF), (NYSE: MBB), (NYSE: BND), (NYSE: TLH), (NYSE: IEF), (NYSE: TLT), (NYSE: MUB), (NYSE: CSJ), (NYSE: SHY), (NYSE: NYF), (NYSE: SHV)</p>
<p> </p>
<p>Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=PCY&amp;count=0035'>PCY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=EMB&amp;count=0034'>EMB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=WIP&amp;count=0025'>WIP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=BWX&amp;count=0051'>BWX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=JNK&amp;count=0094'>JNK</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TIP&amp;count=0038'>TIP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=LQD&amp;count=0071'>LQD</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=PCY&amp;count=0035'>PCY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CIU&amp;count=00116'>CIU</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CMF&amp;count=0012'>CMF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=MBB&amp;count=0076'>MBB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=BND&amp;count=00168'>BND</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TLH&amp;count=0017'>TLH</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IEF&amp;count=0088'>IEF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TLT&amp;count=0090'>TLT</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=MUB&amp;count=0085'>MUB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=CSJ&amp;count=0071'>CSJ</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SHY&amp;count=0088'>SHY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=NYF&amp;count=0012'>NYF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SHV &amp;count=001'>SHV </a></p>
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