iShares IHHY ETF (ASX:IHHY)
The iShares IHHY ETF provides investors with exposure to the performance of high-yield corporate bonds across global markets and sectors, hedged into Australian dollars. This is a simple way to get exposure to high-yield corporate bonds across global developed markets in a single fund.
What does the IHHY invest in?
IHHY invests in high-yield corporate bonds across global developed markets such as the US, Italy, France and the UK. These bonds are diversified across a number of different sectors, including communications, capital goods, and energy, and most bonds are assigned a credit rating of BB or lower. Some of the top issuers of these corporate bonds include Netflix, Sprint and T-Mobile.
What do investors use IHHY for?
Investors could use the IHHY ETF to diverisify an existing portfolio and seek potentially higher levels of income compared to standard corporate bonds – all the while potentially minimising the impact of Australian dollar volatility on investment returns.
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