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|Name:||iShares Global High Yield Bond (AUD Hedged) ETF|
|Sector:||Fixed Interest - Global|
|Benchmark:||Markit iBoxx Global Developed markets Liquid High Yield Capped Index (AUD Hedged)|
This global fixed interest fund aims to emulate the returns of the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index.
I don't know a lot about bond markets, but looking at the detailed description of the index, it aims for all bonds in the index "to have an average rating of sub-investment grade". I presume the lower grade bonds have higher coupons and therefore yield greater levels of income.
You can find out more about the fund here.
Go back to the main Exchange Traded Funds page.