The Columbia Diversified Fixed Income Allocation ETF will track an index that invests in multiple bond sectors. Specifically, it’ll track the Beta Advantage Multi-Sector Bond Index, which coves six unique parts of the bond market:
- U.S. Treasury securities, global ex-U.S. Treasury securities,
- U.S. agency mortgage-backed securities,
- U.S. corporate investment-grade bonds,
- U.S. corporate high-yield bonds, and
- Emerging market sovereign and quasi-sovereign debt.
Specific allocations to each of these sectors is yet to be determined, but the index’s diversified makeup should make it appealing to a wide range of investors. The index will be rebalanced on a monthly basis.
The filing didn’t include information about an expense ratio, ticker, or listing exchange, so a lot of the specifics here are yet to be determined.
Columbia Threadneedle currently counts 14 ETFs on the U.S. market. Its largest offering, the $920 million Columbia Emerging Markets Consumer ETF (NYSE:ECON), was trading at $27.47 per share on Friday morning, up $0.10 (+0.37%). Year-to-date, ECON has gained 24.02%, versus a 11.33% rise in the benchmark S&P 500 index during the same period.