ProShares Debuts Short Junk Bond ETF (SJB)

ProShares, the Maryland-based firm known for a suite of leveraged and inverse ETFs, has launched the first ETF offering daily inverse exposure to junk bonds. The ProShares Short High Yield (SJB) will seek to deliver daily results that correspond to -100% of the daily change in the iBoxx $ Liquid High Yield Index. That index serves as the underlying for the ultra-popular iShares iBoxx $ High Yield Corporate Bond Fund (HYG), which has more than $8 billion in assets and consists of more than 400 individual junk bonds. ETFs have become a popular vehicle for investors seeking exposure to high yield bonds; there are now nine funds in the High Yield Bonds ETFdb Category with aggregate assets of about $16 billion. SJB (think “Short Junk Bonds”) will offer a way to bet against junk bonds, an investment strategy that has seen increased interest in the current environment. Junk Bond Bubble? [...] Click here to read the original article on ETFdb.com. Related Posts: ProShares Files For Short Bond ETFs Direxion To Close Daily Two-Year Treasury ETFs JPMorgan Rolls Out Leveraged Treasury ETNs Shorting Long-Term Treasuries: Four Different ETF Plays PHB: Different Kind Of Junk Bond ETF