iShares has launched the first euro high-yield bond exchange-traded fund (ETF). The ETF is listed on the London Stock Exchange and tracks the Markit iBoxx Euro High Yield Index. The index is calculated by taking sub-investment grade corporate bonds with maturities of two to 10 years, with a minimum outstanding amount of €250 million.
The introduction of the ETF follows the increase in investor demand for fixed income since the financial crisis. "There is a lot of interest and investor demand for