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...The Ireland-domiciled iShares World Equity High Income and iShares U.S....
...“A fee skirmish broke out in high-yield index ETFs in July, when [Charles] Schwab entered the high-yield bond market at the same price as the lowest-cost high-yield bond ETF [State Street’s high-yield bond...
...For example, from December 1 2021 to September 27 2022, the iShares Index Linked Gilts Ucits ETF dropped 50 per cent....
...High-yield bond ETFs gathered $11.6bn globally, including $10.8bn in US-listed ETFs, according to BlackRock....
...That compares with flows in to European-listed ETFs investing in US high-yield bonds of just under $200mn....
...However, the overwhelming bulk of the assets will be invested in an actively managed portfolio of bonds, much of it in relatively high-yielding bank loans, high-yield bonds and emerging markets debt, to...
...McManus said that in Nutmeg’s view, the biggest risk to US equities was a rise in bond yields....
...The volte-face was particularly notable in high-yield bonds, which saw year-to-date net outflows of $8bn as of October 27, but then took in $17.1bn in the remainder of 2023....
...In contrast, high-yield bonds returned 11 per cent, senior loans 10 per cent and convertible bonds, an equity-fixed income hybrid, also 10 per cent....
...“We still really like high-yield corporates, but we also like BBB corporates,” Bianco said....
...“When iShares competes directly with Vanguard on cost, like S&P 500 or total stock market ETFs, investors still reach for Vanguard’s ETF because those cheap, broad-market index funds are what [Vanguard is...
...US-listed ETFs accounted for $9.2bn of the inflows, up from $5.9bn in December, with VettaFi’s data indicating the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) drew in $3.3bn of this, and the...
...The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Bloomberg High Yield Bond ETF (JNK) bore the brunt, with outflows of $2.8bn and $1.6bn respectively, according to VettaFi’s data....
...Some investors are opting for ETFs that own index-linked government bonds, to lock in returns ahead of inflation....
...But if I showed you a bond that was win two, lose one, that’s a better bond! Markets adjust to that bond’s positive convexity, though, so you’d get paid less yield. But how much less yield?...
...The iShares Core UK Gilts ETF, which tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index, is down 1.6 per cent since the start of the year in total return terms, net of interest paid....
...The Macquarie bond strategy can invest up to 100 per cent of its assets in sovereign bonds, up to 70 per cent in investment grade credit and up to 20 per cent in high-yield and/or emerging market debt instruments...
...The more conventional choice is the CQS New City High Yield bonds fund....
...High-yield and emerging market debt ETFs also experienced outflows of $1.8bn and $1.5bn respectively, according to the BlackRock data....
...This is where an iShares ETF comes in — the USD Treasury Bond 20+yr UCITS ETF GBP Hedged (IDTG). This is a tracker fund that’s hedged against the dollar....
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...If volatility is nothing more than a risky form of yield, why sell options for yield when money market yields are as high as they are?...
...The iShares 7-10 year Treasury ETF is down 4.7 per cent, according to Morningstar Direct....
...That said, the most popular fund, the iShares Core € Corporate Bond Ucits ETF (IEBC), had a more modest trailing yield of 1.6 per cent....
...Only one of the 20 — the $151mn iShares Interest Rate Hedged High Yield Bond ETF (HYGH), the sole fixed income fund on the list — beat the 19.4 per cent decline in the Morningstar US Market Index....
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