Market Vectors International High Yield Bond ETF (NYSEArca: IHY)
30-Day SEC Yield: 5.39%
Effective Duration: 3.66 years
Comment: Consider IHY as the developed market equivalent of HYEM or the ex-U.S. answer to an ETF like HYG. Like emerging markets junk corporates, the developed markets, non-U.S. equivalents have lower default rates than U.S. high-yield corporates. IHY has performed inline with HYG and has outperformed its larger rival in the past 90 days. [European Junk Bonds Spell Opportunity With This ETF]