From the June 2012 issue of Research Magazine • Subscribe!

May 24, 2012

Blackrock Adds Bond Sector ETFs

Blackrock, manager of the iShares ETFs has unveiled four new funds focused on bonds and income strategies. 

Here’s a snapshot of the new ETFs:

iShares Emerging Markets High Yield Bond Fund (EMHY). Focuses on high yield bonds denominated in USD and includes a 65% allocation to sovereign bonds and 35% to corporate issues. The new fund is designed to track the Morningstar Emerging Markets High Yield Bond Index. EMHY charges annual expenses of 0.65%.

iShares Global ex USD High Yield Corporate Bond Fund (HYXU). Owns developed international non-U.S. denominated high yield bonds, which are denominated in euros, pound sterling and Canadian dollars. The fund’s highest country allocations are France (15%), the United Kingdom (15%), Germany (14%), and the Netherlands (12%). The fund is designed to track the Markit iBoxx Global Developed Markets ex-US High Yield Index. HYXU charges annual expenses of 0.40%.

iShares Global High Yield Corporate Bond Fund (GHYG). Owns global (U.S. and developed international) high yield in a “one ticket” trade, via developed international corporate bonds denominated in the dollar, euro, pound sterling and Canadian dollar. Based on the country of issuer, the fund is allocated 69% to the U.S., 16% to Europe, 4% to the U.K. and 3% to Canada. The fund is linked to the Markit iBoxx Global Developed Markets High Yield Index. GHYG charges annual expenses of 0.40%.

iShares Morningstar Multi-Asset Income Index Fund (IYLD). IYLD is an ETF of iShares ETFs that is allocated 60% to fixed income, 20% to equity and 20% to alternative income sources. The new fund is designed to track the Morningstar Multi-Asset High Income Index. IYLD charges annual expenses of 0.60%.

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