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

Tabula Investment Management today launched Europe's only ETF to offer short exposure to North American high-yield credit. 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. Providing exposure to around 100 "sub-investment entities of equal weighting," the index utilises credit derivatives to offer "high yield credit risk witho...