Two weeks after launching an equity ETF of ETFs under its sub-brand Anfield, Northern Lights has launched another ETF of ETFs but for fixed income and under its original name.

The CP High Yield Trend ETF (HYTR) tracks a Solactive Index that is comprised of US high yield corporate bond ETFs and US 3-7 year Treasury ETFs.

EDHEC's pointers over fixed income ETF investments

Depending on market turbulence, the fund could be reweighted daily with 20% increments (0%, 20%, 40% etc.) for high yield bond ETFs, leaving the remainder to be filled with treasury ETFs.

The fund will charge a steepish 0.97%.