Today, NASDAQ OMX Global Indexes introduced the NASDAQ BulletShares® Ladder Indexes, which are indexes designed to track traditional bond ladders implemented through target maturity bond exchange-traded funds (ETFs).
The indexes are equal-weighted and use Guggenheim BulletShares ETFs to track defined bond ladders of 0-3 years and 0-5 years of the investment grade and high yield corporate bond markets. Each BulletShares Ladder Index rebalances annually in December to reset the bond ladder and equally weight the components.
"The Bulletshares Ladder Indexes are an important addition to the NASDAQ Bulletshares Index family as they provide investors the same liquidity and diversification benefits as the underlying Bulletshares Indexes themselves, but in a format that systematically captures how many investors choose to assemble their bond portfolios," said David Krein, Head of Index Research, NASDAQ OMX.
Click here to see the full list of NASDAQ Ladder Indexes