PowerShares US High Yield Fallen Angels UCITS ETF launched on Xetra

ETF tracks high yield corporate bonds from North America…

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A new bond index fund from the ETF offering issued by PowerShares Global Funds has been tradable on Xetra and Börse Frankfurt since Tuesday.

ETF name: PowerShares US High Yield Fallen Angels UCITS ETF

Asset class: bond index ETF

ISIN: IE00BD0Q9673

Total expense ratio: 0.45 percent

Distribution policy: distributing

Benchmark: Citi Time-Weighted US Fallen Angel Bond Select Index

The PowerShares US High Yield Fallen Angels UCITS ETF enables investors to participate in the performance of US-dollar-denominated bonds known as “fallen angels” issued by companies based in the USA or Canada. These are bonds that have been downgraded from an investment-grade rating or were classified as high-yield in the past and, following an upgrade to investment-grade rating, were downgraded again. The bonds must have a residual maturity of at least one year. The weight in the index is based on a time factor, i.e. bonds that have only recently become fallen angels have a higher weight.



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