IGVT will try to reflect the performance of the Barclays Global Aggregate Treasury ex USD Issuer Diversified Bond Index (USD Hedged), which is comprised of investment grade sovereign debt issued in developed and emerging markets denominated in the issuer’s own domestic currency. The fund’s underlying index shows an option-adjusted druation of 8.17 years and a 1.45% yield to worst.[related_stories]
IFIX will try to reflect the performance of the Barclays Global Aggregate Corporate Ex USD Bond Index (USD Hedged), which is comprised of investment grade corporate debt issued in developed and emerging markets in the industrial, utility and financial sectors. The ETF’s underlying index has a 5.79 option-adjusted duration and a 2.55% yield to worst.
Given its sovereign debt focus, IGVT leans toward higher credit quality, with the underlying index ratings including A 31.7%, AA 27.7%, AAA 22.8% and BBB 15.1%. On the other hand, IFIX’s underlying index credit weights include AA 14.3%, A 37.5% and BBB 45.0%.
Financial advisors who want to learn more about global fixed-income opportunities can register for the Tuesday, November 15 webcast here.