In the ETF space, the Vanguard Total International Bond ETF (NYSEArca: BNDX) tracks investment-grade corporate, government and securitized fixed-income investments issued in their local currencies. The ETF utilizes one-month forward currency contracts, which are rebalanced monthly, to hedge its currency exposure. [Different International Bond ETFs for Different Folks]
Regional exposures include emerging markets 4.1%, Europe 57.6%, Pacific 27.9% and North America 6.9%. Japan, France and Germany make up about 45% of the portfolio.
BNDX has a 6.8 year average duration, a 1.35% 30-day SEC yield and a 0.20% expense ratio.
For more information on the fixed-income market, visit our bond ETFs category.
Max Chen contributed to this article.