PT - JOURNAL ARTICLE AU - Adam Gebler AU - Matthew Tucker TI - Taking Stock of Bonds DP - 2003 Sep 21 TA - ETFs and Indexing PG - 52--56 VI - 2003 IP - 1 4099 - http://guides.pm-research.com/content/2003/1/52.short 4100 - http://guides.pm-research.com/content/2003/1/52.full AB - Fixed income ETFs were a natural evolution in the securities markets, driven by investor demand for a flexible and cost-efficient alternative to individual bond portfolios, mutual funds, and futures contracts. The rapid growth in bond ETF assets indicates widespread use among (individual and) institutional investors for precise portfolio diversification and opportunistic trading strategies. This article discusses the development and application of this vehicle.