iShares has launched the first global high-yield bond exchange traded fund (ETF) to be listed on the London Stock Exchange. The iShares Global High Yield Bond ETF (HYLD) tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index by investing directly in the underlying bonds. It offers an attractive yield of more than 6 per cent and will distribute dividends twice a year, with a total expense ratio (TER) of only 0.5 per cent.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis