While many of the “first generation” of ETFs offered exposure to widely-followed equity indexes, the universe of exchange-traded products has expanded at a tremendous pace in recent years to include more than 1,200 ETPs across a number of different asset classes. More and more investors have embraced the exchange-traded structure as a vehicle for achieving exposure to fixed income; according to the ETF screener there are more than 160 bond ETFs covering every imaginable corner of the fixed income market, from convertible bonds to high yield munis and even Latin American debt. The appeal of utilizing ETPs within the fixed income portion of a portfolio is relatively straightforward; ETFs offer competitive expense ratios, intra-day liquidity, and potential tax efficiencies. But there are some potential pitfalls that should be considered when using index-based ETFs to achieve bond exposure. Bond ETFs are somewhat unique in that the investor experience varies considerably from [...] Click here to read the original article on ETFdb.com. Related Posts: Complete List Of Active ETFs Guggenheim Launches Pair Of Active Bond ETFs Eaton Vance Gets Active ETF Approval Handicapping The Active ETF Race Active ETF Blockbuster: PIMCO Files For Total Return Fund