Investment grade bonds have a minimum rating of Baa3 or BBB-.
IGHG has a 0.30% expense ratio.
ProShares also launched the ProShares High Yield Interest Rate Hedged ETF (BATS: HYHG) in July. This ETF provides a similar strategy to IGHG, except HYHG tracks high-yield, speculative grade, junk bonds. [A High-Yield Bond ETF for Rising Rates]
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.