BSV - FTSM: Solid But Not A Must-Have In Short-Term Bonds
Summary
- FTSM is a reasonable competitor in the short-term bond space, but it doesn't jump out at us as a must-have ETF.
- It is showing signs of outperforming US T-Bills, and often does, thanks to a slug of corporate exposure.
- However, that outperformance might make it more of a complement to a Treasury ETF rather than a substitute.
- For those looking beyond Treasury-only ETFs at the short end of the yield curve, this is an OK choice.
- We rate it a Hold since we need a better yield premium to get excited about an ETF like this one.
For further details see:
FTSM: Solid, But Not A Must-Have In Short-Term Bonds