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iShares Rolls Out Ex-U.S. Junk Bond ETFs (EMHY, HYXU)
April 04, 2012 at 07:00 AM EDT
iShares introduced a pair of new ETFs this week that offer exposure to junk bonds from issuers outside the U.S., opening a new segment of the global fixed income market that had previously been difficult to access. The two new funds include a product that targets junk bonds from emerging markets as well as a global ex-U.S. product that includes both developed and emerging market exposure: Emerging Markets High Yield Bond Fund (EMHY) Global ex USD High Yield Corporate Bond Fund (HYXU) Under The Hood: EMHY EMHY will seek to replicate the Morningstar Emerging Markets High Yield Bond Index, a benchmark that consists of dollar-denominated bonds issued by companies in emerging markets that are below investment grade. The underlying index consists of about 170 individual securities and has an effective duration of about six years. The yield to maturity for the index is about 7.3% [see also Bond ETFs For Every [...] Click here to read the original article on ETFdb.com. Related Posts: iShares Beefs Up Bond ETF Lineup Reviewing The New Bond Sector ETFs
iShares introduced a pair of new ETFs this week that offer exposure to junk bonds from issuers outside the U.S., opening a new segment of the global fixed income market that had previously been difficult to access. The two new funds include a product that targets junk bonds from emerging markets as well as a global ex-U.S. product that includes both developed and emerging market exposure: Emerging Markets High Yield Bond Fund (EMHY) Global ex USD High Yield Corporate Bond Fund (HYXU) Under The Hood: EMHY EMHY will seek to replicate the Morningstar Emerging Markets High Yield Bond Index, a benchmark that consists of dollar-denominated bonds issued by companies in emerging markets that are below investment grade. The underlying index consists of about 170 individual securities and has an effective duration of about six years. The yield to maturity for the index is about 7.3% [see also Bond ETFs For Every [...]
