Van Eck Global introduced the Market Vectors International High Yield Bond ETF (IHY).
“Our research has shown that for many investors the current allocation to corporate high-yield debt may miss as much as 35% of the global high-yield market,” said Edward Lopez, Market Vectors’ marketing director. “That underexposure may be especially important as international corporate high-yield bonds currently offer higher yields as well as historically lower default rates than similar debt instruments in the U.S.”
IHY is comprised of below-investment-grade debt issued by corporations located throughout the world and may include emerging market countries. IHY is linked to the BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index. The fund charges net annual expenses of 0.40%