'Smart' ETF to focus on short-term high yield sector

The Dublin-domiciled PIMCO Short-Term High Yield Corporate Bond Index Source ETF (STHY) is launched in conjunction with specialist provider of exchange traded products, Source. High yield exposure has been used by many as an alternative to equities. Historically, returns of the short-term segment of the high yield market have been in line with equities, but with approximately half the volatility. Vineer Bhansali, Managing Director at PIMCO and Portfolio Manager of STHY, said:  "For investors looking to allocate to the corporate and high yield bond sector, it is worth noting that over...