ETFWorld.co.uk
Image default

PowerShares US High Yield Fallen Angels UCITS ETF launched on Xetra

ETF tracks high yield corporate bonds from North America…


Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy


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.

 

Source: ETFWorld.co.uk

Articoli Simili

First week of November full of listing of ETFs on Xetra and the Börse Frankfurt

Webmaster

New ETF on CEINEX by HSBC Global Asset Management

Webmaster

ETFWorld: New SPDR ETF launched on Xetra

Webmaster