Three new ETFs issued by iShares are now tradable on Xetra and via Börse Frankfurt.
The firm writes that the iShares Broad $ High Yield Corp Bond UCITS ETF USD (Dist) allows investors to invest in the performance of US dollar-denominated corporate fixed income bonds below investment grade. To be included in the reference index, bonds must have a remaining maturity of at least 18 months and a market capitalisation of at least USD250 million. The weighting is based on market capitalisation, whereby a single issuer may be represented with a maximum of 3 per cent.
The iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) provides investors with exposure to US Treasury inflation-linked bonds (US TIPS). The bonds are denominated in US dollars and must have an investment grade rating. They must also have a remaining maturity of zero to five years and a minimum outstanding amount of USD500 million.
The iShares MSCI China Tech UCITS ETF USD (Acc) tracks the performance of large and mid-sized Chinese companies engaged in businesses including internet and direct marketing, retail, interactive media and services, and education services. The weighting of the five largest issuers is limited to 8 per cent and that of the following to 5 per cent. Excluded are companies involved in weapons, thermal coal, tobacco, or unconventional oil sands, or that violate the principles of the UN Global Compact.