Inside the Credit Default Swap ETFs (TYTE, WYDE)

By: ETFdb
The ETF world saw a big step forward on the innovation front last week, as ProShares debuted two ETFs that utilize credit default swaps for their investment strategy: the CDS North American HY Credit ETF (TYTE) and the CDS Short North American HY Credit ETF (WYDE). These actively managed funds are the first of their kind and are arguably one of the most original products to hit the ETF shelves in quite a long time. Credit default swaps are not meant for your average investor, as they can be quite complex, making this launch all the more intriguing [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. What are Credit Default Swaps? Let’s start with the basics. A credit default swap (CDS) is a kind of derivative that was introduced in 1997 (and came under heavy fire during the 2008 financial crisis). These are contracts between two parties, which are […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
The ETF world saw a big step forward on the innovation front last week, as ProShares debuted two ETFs that utilize credit default swaps for their investment strategy: the CDS North American HY Credit ETF (TYTE) and the CDS Short North American HY Credit ETF (WYDE). These actively managed funds are the first of their kind and are arguably one of the most original products to hit the ETF shelves in quite a long time. Credit default swaps are not meant for your average investor, as they can be quite complex, making this launch all the more intriguing [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. What are Credit Default Swaps? Let’s start with the basics. A credit default swap (CDS) is a kind of derivative that was introduced in 1997 (and came under heavy fire during the 2008 financial crisis). These are contracts between two parties, which are […]

Click here to read the original article on ETFdb.com.

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