PHB: Different Kind Of Junk Bond ETF

The impressive ETF boom of the last several years has in many ways changed the investing landscape quite dramatically. Although index mutual funds have been around for more than 30 years, the introduction of low-cost ETFs has many investors questioning the merits of pricey active management [see Two Cases Against Active Management]. The introduction of commodity ETPs has made natural resource exposure widely available. And as indexes have been transformed from hypothetical measures of performance to (essentially) investable assets, the construction and maintenance methodologies for these benchmarks has attracted increased scrutiny. Much of the discussion related to the merits of various index creation techniques has taken place in the equity arena, where the wisdom of giving the biggest allocations to stocks with the largest market capitalizations has been a hot topic. And ETFs have helped to make several alternatives, including revenue weighting, earnings weighting, and equal weighting, more popular. But the [...] Click here to read the original article on ETFdb.com. Related Stories: Junk Bond ETFs: Yields Too Good To Be True? Junk Bond ETFs: Too Good To Be True? Investors Can’t Get Enough Of Junk Bond ETFs