- New offering helps investors position portfolios for changing interest rates
- The launch of coverage includes 30 of the most widely held bond funds across 6 categories, accounting for about $195 billion in assets, or more than 75% of all fixed income ETF assets
AltaVista Research, a boutique research firm dedicated to the fundamentally-driven analysis of ETFs, has announced the expansion of its coverage universe to include Fixed Income ETFs. This new coverage will help investors compare bond funds as well as position their portfolios for potential increases in interest rates.
Beyond basic fund information such as issuer breakdown, credit quality, and performance, AltaVista’s Fixed Income ETF coverage is the first and only analysis to include rate sensitivity analysis and default-adjusted yield to maturity, which helps investors determine whether they are being adequately compensated for higher risks of lower-credit quality issues.
Users can access this new analysis through the ETF Research Center, the online portal for financial advisors and individual investors to access AltaVista Research’s ETF analysis.
The launch of coverage includes 30 of the most widely held bond funds across 6 categories, accounting for about $195 billion in assets, or more than 75% of all fixed income ETF assets. Together with existing coverage of equity funds, subscribers can screen, analyze, and construct portfolios from among 835 ETFs with more than $1.5 trillion in assets.
“As with equity ETFs, we conduct a fundamental analysis of each fund’s underlying constituents. For fixed income funds, this allows us to estimate, for example, the likely change in a fund’s price in response to changes in interest rates, based on the duration and convexity of each security in the fund. We think this information is quite useful to financial advisors trying to position clients’ portfolios for an eventual increase in interest rates,” explains Michael Krause, President and founder of AltaVista Research.
AltaVista Research is an ETF research firm that evaluates ETFs based on the fundamentals of each underlying constituent. Clients include ETF issuers, broker/dealers and buy-side firms. Research is also available to financial advisors and individual investors through its ETF Research Center website.