There is an increasing demand for high-yielding debt, and Pyxis Capital
] is tapping into that. Investment News reports
that the Dallas-based mutual fund shop is about to launch a the second bank loan ETF.
The asset manager will debut Pyxis iBoxx Senior Loan ETF
(SNLN), which will compete with the PowerShares Senior Loan Portfolio
]. The Pyxis ETF will charge 55 basis points and will track the Markit iBoxx USD Liquid Leveraged Loan Index
. The PowerShares ETF charges 76 basis points and was launched in March 2011.
Correction: The InvestmentNews article, and a prior version of this story, listed for the Pyxis ETF the wrong name, index and price.
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