Tabula launches Europe's first North American high yield credit short ETF

The Tabula North American CDX High Yield Credit Short UCITS ETF (TABS) seeks to offer liquid exposure to the CDX North American High Yield Credit Short index, which was developed jointly by Tabula and IHS Markit. Tabula IM: Expansion plans to focus on core markets beyond credit Providing exposure to around 100 "sub-investment entities of equal weighting", the index utilises credit derivatives to offer "high yield credit risk without exposure to the interest rate risk inherent in high yield bonds" without ISDAs. TABS seeks to directly replicate the index composition, which is rebala...