TY - JOUR T1 - Taking Stock of Bonds JF - ETFs and Indexing SP - 52 LP - 56 VL - 2003 IS - 1 AU - Adam Gebler AU - Matthew Tucker Y1 - 2003/09/21 UR - http://guides.pm-research.com/content/2003/1/52.abstract N2 - Fixed income ETFs were a natural evolution in the securities markets, driven by investor demand for a flexible and cost-efficient alternative to individual bond portfolios, mutual funds, and futures contracts. The rapid growth in bond ETF assets indicates widespread use among (individual and) institutional investors for precise portfolio diversification and opportunistic trading strategies. This article discusses the development and application of this vehicle. ER -