16th or higher
JPST data by YChartsAnother short duration bond ETF to take a look at is the Xtrackers Short Duration High Yield Bond ETF (SHYL).
Per a Bloomberg report, the fund "surpassed the long-reigning PIMCO Enhanced Short Maturity Active ETF, ticker MINT, as the largest active fund in the $4.9 trillion market.
With a lot of uncertainty in the bond markets surrounding Covid-19, short duration gave investors some peace of mind with a lesser long-term commitment, but one particular fund got a lot of attention-the JPMorgan Ultra-Short Income ETF (JPST).
JPMorgan was relatively late to crash the ETF party, but they have used their scale and strong brand to climb the leader board with both low-cost asset allocation based and actively managed fixed income ETF products," said Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research.
JPST experienced a relatively shallow drawdown during the selloff earlier this year," said Ben Johnson, Morningstar's global director of ETF research.
DWS, Fixed Income, exchange traded funds, bonds, money, stock market, etfs, etf, SHYL, JPST
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