The new ETF will focus in on invest investment-grade corporate bonds issued by non-U.S. issuers in the following currencies: euros; Australian, Canadian and New Zealand dollars; British pounds; Japanese yen; Swiss francs; Danish and Norwegian krone; and Swedish krona. [What’s Driving the Bond ETF Market?]
PowerShares’ new ETF could enter the market when the 60-day waiting period expires.
As the bond investors seek overseas yields and more diversification, these ETFs could be hitting the scene at a good time. Stay tuned.
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