Exchange Traded Concepts is planning to offer fixed-income exchange-traded funds (ETFs), Index Universe reports. The company that was spun out of ETF sponsor FaithShares has filed paperwork with the Securities and Exchange Commission. The company is seeking to use its permission to offer ETFs to help clients bring funds to market. The funds, which will be based on the NYSE 7-10 Year Treasury Bond Index, will focus on domestic and international fixed income or equities, and may contain funds that combine with different asset classes.
Click here for the story from Index Universe.