‘ High Yield ’

BlackRock introduces currency hedging for global fallen angels ETF

May 23rd, 2018 | By
BlackRock introduces currency hedging for global fallen angels ETF

BlackRock has listed new currency-hedged share classes for the iShares Fallen Angels High Yield Corp Bond UCITS ETF, providing currency risk mitigation for investors trading in euros or pounds sterling. The fund tracks a portfolio of fallen angel bonds issued by companies in developed market countries.



Four ETF trends show cautious optimism for 2018

May 17th, 2018 | By
Four ETF trends show cautious optimism for 2018

By Martin Small, head of US iShares at BlackRock.

Recent flows suggest that investors are priming for a rougher but hopeful future. Here’s where the money went and why.



DWS launches Xtrackers emerging markets bond ETF on Xetra

May 17th, 2018 | By
DWS launches Xtrackers emerging markets bond ETF on Xetra

DWS has launched the Xtrackers II USD Emerging Markets Bond UCITS ETF (XUEM GY) on Xetra, providing exposure to investment grade and high yield emerging market bonds denominated in US dollars. The fund’s reference index is composed of bonds issued by governments, regional governments, or government-related entities.



New provider Tabula to launch fixed income ETFs in Europe

May 16th, 2018 | By
Source and Goldman Sachs expand range of smart beta ETFs

Tabula Investment Management is preparing to make its debut with the launch of a range of fixed income ETFs in Europe. The firm’s first ETFs will provide exposure to credit default swap (CDS) indices from IHS Markit. Michael John (‘MJ’) Lytle, CEO of Tabula, commented, “Passive strategies account for only 5% of fixed income fund assets, compared to 30% for equities. We expect this gap to close, but how quickly will depend on how compelling the available funds are.” 



High-yield corporate bond ETFs bounce back in April

May 3rd, 2018 | By
High yield ETFs bounce back

ETFs providing exposure to high-yield corporate bonds enjoyed strong returns in April, bouncing back from weak performance in the first quarter of 2018. BlackRock’s iShares $ High Yield Corp Bond UCITS ETF (SHYU LN)—the largest of its kind listed in Europe with over $3.8 billion in assets under management—was among the top high-yield performers for the month, with a return of 2.5%.



PIMCO: Global debt and The New Neutral

May 1st, 2018 | By
Nicola Mai, portfolio manager, sovereign credit analyst at PIMCO.

By Nicola Mai, portfolio manager, sovereign credit analyst at PIMCO.

Back in 2014, PIMCO developed the concept of The New Neutral as a secular framework for interest rates. After the financial crisis, the global economy entered a new regime in which the equilibrium (i.e., neutral or natural) policy rates needed to ensure trend growth and at-target inflation would be much lower than their historical levels.



VanEck: Fixed income outlook favours risk-based barbell portfolios

May 1st, 2018 | By
Fran Rodilosso, head of fixed income ETF portfolio management at VanEck.

By Fran Rodilosso, head of fixed income ETF portfolio management at VanEck.

Our outlook for 2018 is characterised by the continued normalisation of interest rates in both the US and Europe, and the US Federal Reserve has already signalled more aggressive rate hikes to come. We feel that combining emerging markets local currency bonds with floating rate investment grade bonds can allow investors to position their fixed income portfolios for this current environment.



JP Morgan partners with BlackRock on ESG bond indices

Apr 18th, 2018 | By
esg etfs environment emerging markets

JP Morgan has unveiled three fixed income indices targeting the emerging markets universe, integrating environmental, social, and corporate governance (ESG) factors within their construction methodology. The launches mark the beginning of a wider venture, conceived in partnership with BlackRock, to introduce a suite of global bond indices revolving around sustainability.



BlackRock introduces euro-hedging for two HY corporate bond ETFs

Apr 13th, 2018 | By
euros euro-hedging currency hedged etfs

BlackRock has introduced two new currency-hedged share classes for two of its high yield corporate bond ETFs listed on Deutsche Börse. The funds offer exposure to US dollar-denominated corporate bonds and global fallen angel bonds, while the new share classes mitigate exchange rate risk relative to the euro.



VanEck cross-lists two high-yield bond ETFs on Xetra

Apr 6th, 2018 | By
VanEck cross-lists two high-yield bond ETFs

VanEck has cross-listed two high-yield fixed income ETFs onto Xetra: the VanEck Vectors Emerging Markets High Yield Bond UCITS ETF (HY3M GY) and the VanEck Vectors Global Fallen Angel High Yield Bond UCITS ETF (GFEA GY). The funds debuted on the London Stock Exchange last month.