Not content with running the world’s largest junk-bond ETF, BlackRock is trying to entice investors with a low-cost alternative.
The iShares Broad USD High Yield Corporate Bond ETF (USHY) will give investors exposure to junk-rated debt for less than half the cost of its flagship high-yield fund, the iShares iBoxx $ High Yid Corp Bond ETF (HYG), according to a statement from the company. That’s lower than any similar fund around the world, data compiled by Bloomberg show.
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