The iShares IHCB ETF provides investors with access to the performance of investment-grade corporate bonds across global markets and sectors, hedged into Australian dollars. This is a relatively low-cost way to get exposure to global investment-grade corporate bonds in a single fund.
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IHCB aims to provide investors with the performance of the Bloomberg Barclays Global Aggregate Corporate Bond Index (AUD Hedged), before fees and expenses. This index is designed to capture the performance of the global investment-grade corporate bond market by holding corporate bonds from a number of different countries (particularly the US) and sectors (such as banking and communications). Most of the bonds within this ETF are assigned a credit quality rating of A or BBB. The issuers of these corporate bonds include well-known names such as JPMorgan Chase, Bank of America and AT&T.
Investors could use the IHCB ETF to diversify an existing portfolio and gain exposure to global corporate bonds while potentially minimising the impact of Australian dollar volatility on investment returns. Additionally, IHCB could be used to create a regular income stream from the tri-annual distributions offered by this ETF. Bonds can be used in a portfolio to seek stability and generate income.
The Best ETFs technical analysis chart pack shows the 12-month share price movements, Stochastic bands and traded volume (for both up and down days). This chart uses end-of-day data, so it’s for illustrative purposes only.
*The warnings on this page are applied by our ETF research team. Please know that these warnings are based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.