RT Journal Article
SR Electronic
T1 Taking Stock of Bonds
JF ETFs and Indexing
FD Institutional Investor Journals
SP 52
OP 56
VO 2003
IS 1
A1 Adam Gebler
A1 Matthew Tucker
YR 2003
UL http://guides.pm-research.com/content/2003/1/52.abstract
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.