Columbia Threadneedle Launches Two High-Yield ETFs

Columbia Threadneedle Investments has launched two actively managed, transparent fixed income exchange-traded funds: the Columbia U.S. High Yield ETF (NYSE Arca: NJNK) and the Columbia Short Duration High Yield ETF (NYSE Arca: HYSD). 

The ETFs address a rising market demand for high current income in a low-cost, tax-efficient structure, the firm said last week.

NJNK is managed by Daniel DeYoung, a high yield senior portfolio manager, and David Janssen, a multi-sector fixed income portfolio manager. HYSD is managed by Brett Kaufman and Kris Keller, senior portfolio managers on the high yield team. 

NJNK has a 0.46% expense ratio and HYSD has a 0.44% expense ratio.

“We believe that high yield bonds have an important role to play in a diversified portfolio and that that investors should consider making a long-term allocation to the asset class to capture the high levels of income that it can offer,” DeYoung said in a statement.