|Bid||31.65 x 1000|
|Ask||31.68 x 1400|
|Day's Range||31.55 - 31.74|
|52 Week Range||25.90 - 31.74|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||5.65%|
|Beta (5Y Monthly)||2.06|
|Expense Ratio (net)||0.07%|
Exchange-traded funds (ETFs) are not reserved solely for equities. There are also bond ETFs that invest exclusively in fixed-income securities. This universe includes investment grade corporate bond ETFs, which buy the high quality debt of financially strong and stable companies.
When interest rates rise, bond investors tend to get itchy, because the values of their fixed-rate bond holdings are suddenly worth relatively less than the yields on newly-issued bond instruments.Fortunately, certain fixed-income products potentially benefit from rising interest rates by investing in shorter-duration bonds and by employing interest rate swaps, convertible securities, floating rate bonds, and other alternative plays.
As the ETF industry grows and matures, investors are gravitating toward specific areas of interest and targeted investment strategies. “I think what we are already seeing – costs matter. We continue to see that,” Susan Thompson, Head of SPDR Americans Distribution for State Street Global Investors, said at Inside ETFs.