TY - JOUR T1 - Fixed-Income Indexes and ETFs JF - The Journal of Index Investing SP - 63 LP - 70 DO - 10.3905/jii.2015.5.4.063 VL - 5 IS - 4 AU - Kevin D. Mahn Y1 - 2015/02/28 UR - https://pm-research.com/content/5/4/63.abstract N2 - Given the lack of dependable and consistent streams of income commonly associated with fixed-income packaged products, including exchange-traded funds (ETFs), those accounts with growth as the primary objective may find bond ETFs worthy of consideration, more so than for those accounts with current and sustainable income as the primary objective. For growth-oriented portfolios, exchange-traded products (ETPs), including both ETFs and exchange-traded notes, may offer suitable ways to access different categories of fixed-income exposure in a diversified manner, provided that adequate due diligence be completed before any investment decision is made. The transparency, costs, and liquidity of index-tracking bond ETFs can be vital in today’s market environment. Understanding how bond ETPs work, and how some of the underlying indexes are structured, is arguably more important than ever before, as investors continue to re-position their portfolios to account for the current secular bull market and the impending rising interest rate environment.TOPICS: Fixed income and structured finance, exchange-traded funds and applications, portfolio construction ER -