New bond ETF from iShares: access to high-yield corporate bonds
A new exchange-traded fund issued by iShares has been tradable on Xetra and Börse Frankfurt since Thursday.
With the iShares Broad € High Yield Corp Bond UCITS ETF, investors can invest in the performance of euro-denominated fixed-income corporate bonds. To be included in the benchmark index, bonds must be rated below investment grade, have a residual maturity of at least 18 months and have a minimum outstanding volume of €250 million. The weighting is based on market capitalisation, whereby individual issuers may not be represented by more than 3 per cent.
The accruing coupon payments are distributed.
| Name | Asset class | ISIN | Ongoing charges | Distribution policy | Benchmark index |
| iShares Broad € High Yield Corp Bond UCITS ETF | Bond ETF | IE00BG0J4B71 | 0.25 per cent | distributing | ICE BofAML Euro High Yield Constrained Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,827 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.