We believe gradual monetary policy normalization and sustained global economic expansion point to moderately
higher global bond yields.
Not exact matches
NEW YORK, Jan 18 - U.S. fund investors pulled $ 3.1 billion from
high -
yield «junk»
bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite
global markets» continuing triumph.
Lewis, fund's chief investment officer, spent nine years at Citigroup as a director of the bank's
global special situations group, a $ 5 billion prop - trading group that specialized in distressed debt,
high -
yield bonds, and value equity.
They'll be hoping the benchmark for
global borrowing costs rises even further, because their collective bet on
higher U.S.
bond yields has never been greater.
Moderate income model portfolio: 3 % Bloomberg Barclays 1 — 3 Month Treasury Bill Index, 19 % Bloomberg Barclays U.S. Aggregate
Bond Index (1 — 3Y), 30 % Bloomberg Barclays U.S. Aggregate
Bond Index (5 — 7Y), 7 % Bloomberg Barclays U.S. Aggregate
Bond Index (10 + Y), 6 % Bloomberg Barclays U.S. Corporate
High Yield Bond Index, 5 % JPM GBI
Global ex. - U.S. Index, 5 % JPM EMBI
Global Index, 12 % S&P 500 Index, 2 % Russell Midcap ® Index, 2 % Russell 2000 ® Index, 4 % MSCI EAFE Index (USD), 5 % FTSE EPRA / NAREIT Developed Index.
Moderate Growth and Income Four Asset Group model portfolio without private capital: 3 % Bloomberg Barclays 1 — 3 Month Treasury Bill Index, 11 % Bloomberg Barclays U.S. Aggregate
Bond Index (5 — 7Y), 6 % Bloomberg Barclays U.S. Aggregate
Bond Index (10 + Y), 6 % Bloomberg Barclays U.S. Corporate
High Yield Bond Index, 3 % JPM GBI
Global ex. - U.S. Index, 5 % JPM EMBI
Global Index, 20 % S&P 500 Index, 8 % Russell Midcap ® Index, 6 % Russell 2000 ® Index, 5 % MSCI EAFE Index (USD), 5 % MSCI EM Index (USD), 5 % FTSE EPRA / NAREIT Developed Index, 2 % Bloomberg Commodity Index, 3 % HFRI Relative Value Index, 6 % HFRI Macro Index, 4 % HFRI Event - Driven Index, 2 % HFRI Equity Hedge Index.
iShares S&P ® / TSX ® 60 Index Fund («XIU»), iShares S&P / TSX Capped Composite Index Fund («XIC»), iShares S&P / TSX Completion Index Fund («XMD»), iShares S&P / TSX SmallCap Index Fund («XCS»), iShares S&P / TSX Capped Energy Index Fund («XEG»), iShares S&P / TSX Capped Financials Index Fund («XFN»), iShares S&P / TSX
Global Gold Index Fund («XGD»), iShares S&P / TSX Capped Information Technology Index Fund («XIT»), iShares S&P / TSX Capped REIT Index Fund («XRE»), iShares S&P / TSX Capped Materials Index Fund («XMA»), iShares Diversified Monthly Income Fund («XTR»), iShares S&P 500 Index Fund (CAD - Hedged)(«XSP»), iShares Jantzi Social Index Fund («XEN»), iShares Dow Jones Select Dividend Index Fund («XDV»), iShares Dow Jones Canada Select Growth Index Fund («XCG»), iShares Dow Jones Canada Select Value Index Fund («XCV»), iShares DEX Universe
Bond Index Fund («XBB»), iShares DEX Short Term
Bond Index Fund («XSB»), iShares DEX Real Return
Bond Index Fund («XRB»), iShares DEX Long Term
Bond Index Fund («XLB»), iShares DEX All Government
Bond Index Fund («XGB»), and iShares DEX All Corporate
Bond Index Fund («XCB»), iShares MSCI EAFE ® Index Fund (CAD - Hedged)(«XIN»), iShares Russell 2000 ® Index Fund (CAD - Hedged)(«XSU»), iShares Conservative Core Portfolio Builder Fund («XCR»), iShares Growth Core Portfolio Builder Fund («XGR»), iShares
Global Completion Portfolio Builder Fund («XGC»), iShares Alternatives Completion Portfolio Builder Fund («XAL»), iShares MSCI Emerging Markets Index Fund («XEM») and iShares MSCI World Index Fund («XWD»), iShares MSCI Brazil Index Fund («XBZ»), iShares China Index Fund («XCH»), iShares S&P CNX Nifty India Index Fund («XID»), iShares S&P Latin America 40 Index Fund («XLA»), iShares U.S.
High Yield Bond Index Fund (CAD - Hedged)(«XHY»), iShares U.S. IG Corporate
Bond Index Fund (CAD - Hedged)(«XIG»), iShares DEX HYBrid
Bond Index Fund («XHB»), iShares S&P / TSX North American Preferred Stock Index Fund (CAD - Hedged)(«XPF»), iShares S&P / TSX Equity Income Index Fund («XEI»), iShares S&P / TSX Capped Consumer Staples Index Fund («XST»), iShares Capped Utilities Index Fund («XUT»), iShares S&P / TSX
Global Base Metals Index Fund («XBM»), iShares S&P
Global Healthcare Index Fund (CAD - Hedged)(«XHC»), iShares NASDAQ 100 Index Fund (CAD - Hedged)(«XQQ») and iShares J.P. Morgan USD Emerging Markets
Bond Index Fund (CAD - Hedged)(«XEB»)(collectively, the «Funds») may or may not be suitable for all investors.
A rise in the US 10 - year
yield to 2.998 % (4 - year
high) was dollar supportive, and rise in
global bond yields also weighed on gold with the German Bund (0.603 % - 0.639 %), UK Gilt (1.49 % - 1.53 %) reaching 1 - month
highs.
Banks «earned their way out of debt» by lending to
global speculators who used the yen loans to convert into foreign currency and buy
higher -
yielding assets abroad — capped by Icelandic government
bonds paying 15 %, and pocketing the arbitrage difference.
«Every time the
bond market moves dramatically and unexpectedly
higher in
yield, the consensus forecast plays catch - up,» says Matthew Hornbach,
Global Head of Interest Rate Strategy for Morgan Stanley Research.
RBC
Global Asset Management Inc. today announced that effective January 25, 2016, the name of RBC Monthly Income
High Yield Bond Fund will change to RBC Strategic Income
Bond Fund...
2014.10.08 RBC
Global Asset Management Inc. re-opens PH&N
High Yield Bond Fund to new investors RBC
Global Asset Management Inc. re-opens PH&N
High Yield Bond Fund to new investors...
2016.03.21 RBC
Global Asset Management Inc. re-opens PH&N
High Yield Bond Fund to new investors RBC
Global Asset Management Inc. today announced that PH&N
High Yield Bond Fund will re-open to new investors on March 28, 2016...
2015.12.10 RBC
Global Asset Management Inc. announces fund name change RBC
Global Asset Management Inc. today announced that effective January 25, 2016, the name of RBC Monthly Income
High Yield Bond Fund will change to RBC Strategic Income
Bond Fund...
2016.04.05 RBC
Global Asset Management Inc. closes PH&N
High Yield Bond Fund to New Investors RBC
Global Asset Management Inc. today announced that as of April 7, 2016, PH&N
High Yield Bond Fund («the Fund») will be closed to new investors...
The dollar
bond market has turned cold for Indian firms after a record 2017, with rising
global interest rates, geopolitical concerns and market volatility prompting would - be financiers to demand either a
higher yield or invest only in short - term paper maturing in two years.
2014.11.13 RBC
Global Asset Management Inc. closes PH&N
High Yield Bond Fund to new investors RBC
Global Asset Management Inc. today announced the following change to the PH&N
High Yield Bond Fund...
Filed under: ETFs, Income Investing Tags: etf, fixed - income,
global high income,
high income,
high risk,
high yield,
high yield bonds, hyg, risk management
Composite Treasuries Sentiment: Taking a broader view of
bond market sentiment (our composite
bond market sentiment indicator combines the signal from futures positioning, fund flows, implied volatility, and
global bond market breadth), it's readily apparent that
bond market sentiment has seen a reset from relatively stretched bearishness to just on the bullish side of neutral (i.e. the indicator is saying participants have gone from expecting
higher bond yields to expecting lower
bond yields).
Bloomberg's
Global Investment Grade Corporate
Bond Index sank by 4 % last year to a trough in early November, then stabilized as
high -
yield cratered further.
Central bank intervention in
global bond markets has «crowded out» many traditional fixed income investors, driving them to seek
yield and income from non-traditional and riskier asset classes such as
high yield, emerging markets debt, leveraged loans and private credit.
BlackRock's base case for 2017 is that U.S. - led
global reflation will accelerate, bond yields will gradually move higher and returns will remain low, as we write in our 2017 Global Investment Ou
global reflation will accelerate,
bond yields will gradually move
higher and returns will remain low, as we write in our 2017
Global Investment Ou
Global Investment Outlook.
Meanwhile, emerging market
bonds that make up the J.P. Morgan EMBI
Global Core Index, currently offer similar yields and may benefit from global reflationary trends despite the potential challenge of higher valuations and a rising U.S dollar in the short
Global Core Index, currently offer similar
yields and may benefit from
global reflationary trends despite the potential challenge of higher valuations and a rising U.S dollar in the short
global reflationary trends despite the potential challenge of
higher valuations and a rising U.S dollar in the short term.
Eligible sectors include U.S. Treasurys,
global government - related
bonds,
global investment - grade and
high yield corporate
bonds, and emerging market
bonds.
Over time, MFS has been a leading innovator in the asset management industry, including creating one of the first in - house research departments in the mutual fund industry in 1932, launching the first
high -
yield municipal
bond fund and the first
global balanced fund, and more recently creating «outcome - oriented» products, such as its line of target - risk, target - date, and other asset allocation strategies.
The seven asset classes are: (1) government
bonds; (2) investment grade corporate
bonds; (3)
high -
yield corporate
bonds; (4)
global equity; (5) real estate; (6) commodities; and, (7) hedge funds.
They first look at return correlations and then consider mean - variance portfolio optimization with
global equities, U.S. Treasury
bonds, U.S.
high -
yield corporate
bonds, emerging government
bonds and frontier government
bonds.
The fund seeks to achieve this by leveraging BlackRock's
global capabilities to strategically gain exposure to thousands of investment - grade and
high -
yield bonds from Canada, the U.S., Europe and emerging markets.
Offering access to all areas of the
bond market, our range includes
global, major market and strategic
bond funds as well as specific areas such as
high -
yield and government debt.
The fund had major equivalent positions in the Vanguard
High Dividend
Yield ETF (VYM), PowerShares Dynamic Large Cap Value Portfolio (PWV), First Trust Large Cap Growth AlphaDEX ® Fund (FTC), SPDR ® Barclays
High Yield Bond ETF (JNK), SPDR ® S&P ® Homebuilders ETF (XHB), and iShares
Global Consumer Staples ETF (KXI).
The appeal of preferred funds is they offer
higher yields than
bond ETFs, explains Alfred Lee, vice-president of BMO
Global Asset Management and lead manager of the bank's Laddered Preferred Share Index ETF (TSX: ZPR).
iShares Advantaged Canadian
Bond (CAB) iShares Advantaged Convertible
Bond (CVD) iShares Advantaged U.S.
High Yield Bond (CHB) iShares Advantaged Short Duration
High Income (CSD) iShares
Global Monthly Advantaged Dividend (CYH)
Our view on short - term U.S. rates rise fits with our expectation for a moderate rise in long - term rates — even with the greater uncertainty about the factors influencing
bond yields, including
high global savings.
Chinese
bonds continue to attract attention from
global investors as they offer relatively
higher yields, what's more, Chinese
bonds also have historically demonstrated low correlations with
global markets.
With
yield an ever - scarcer commodity, relatively
high rates that U.S.
bonds offer alongside a strong U.S. dollar are attracting
global capital flows and pushing
bond prices
higher and
yields lower.
It has helped put «
yield differential» back in the driver seat for
global currency moves: this means
higher US
bond yields could drive the greenback
higher.
Fixed - income ETFs manage about US$ 576 billion of
global assets, ranging from Treasuries to
high -
yield corporate
bonds and emerging - market debt.
The sectors covered by the active ETFs are Canadian Dividend, U.S. Dividend,
Global Dividend, Preferred Shares and Crossover
Bonds (those on the line between investment grade and
high -
yield).
Under J.R.'s management, S&P Dow Jones Indices has launched a
global suite of fixed income indices, which includes a focus on transparency for municipal, corporate, and
high -
yield bonds, senior loans, and sovereign debt.
First Trust AlphaDEX ™ Canadian Dividend Plus ETF (TSX: FDY)(TSX: FDY.A); First Trust AlphaDEX ™ U.S. Dividend Plus ETF (CAD - Hedged)(TSX: FUD)(TSX: FUD.A); First Trust AlphaDEX ™ Emerging Market Dividend ETF (CAD - Hedged)(TSX: FDE)(TSX: FDE.A); First Trust Senior Loan ETF (CAD - Hedged)(TSX: FSL)(TSX: FSL.A); First Trust AlphaDEX ™ European Dividend Index ETF (CAD - Hedged)(TSX: EUR)(TSX: EUR.A); First Trust Short Duration
High Yield Bond ETF (TSX: FHY)(TSX: FHY.A); First Trust
Global Risk Managed Income Index ETF (TSX: ETP)(TSX: ETP.A); First Trust Tactical
Bond Index ETF (TSX: FTB).
But because worries about
global economic growth, inflation and the threat of central bank rate hikes are one catalyst for the climb of
bond yields, some analysts worry that the move
higher may prove sustained and inflict damage to the world's biggest economy.
Similarly, RBC
Global Asset Management will see its fees reduced by 10 basis points for the RBC BlueBay Emerging Market Corporate
Bond Fund (RECAX) and by 5 basis points for the RBC BlueBay Emerging Market Select
Bond Fund (RESAX), RBC BlueBay
Global High Yield Bond Fund (RHYAX) and RBC BlueBay
Global Convertible
Bond Fund.
Class A shares with sales charges performance reflects the maximum 5.5 % sales charge, with the following exceptions: Class A shares of Hartford Emerging Markets Local Debt, Hartford
High Yield, Hartford Inflation Plus, Hartford Municipal Opportunities, Hartford Municipal Real Return, Hartford Strategic Income, Hartford Total Return
Bond, Hartford World
Bond, Hartford Schroders Emerging Markets Debt and Currency, Hartford Schroders Tax - Aware
Bond, Hartford Schroders Emerging Markets Multi-Sector
Bond and Hartford Schroders
Global Strategic
Bond reflect a maximum 4.5 % sales charge; Class A shares of Hartford Floating Rate and Hartford Floating Rate
High Income reflect a maximum 3.0 % sales charge; Class A shares of Hartford Short Duration reflect a maximum 2.0 % sales charge.
That's achieved mainly through the RBC
Global High Yield Bond Fund and the BlueBay
Global Monthly Income
Bond Fund.
The VanEck Vectors
Global Fallen Angel High Yield Bond UCITS ETF is the first UCITS - compliant ETF to realise the fallen angels investment concept with a global investment horizon without excluding any individual regions or coun
Global Fallen Angel
High Yield Bond UCITS ETF is the first UCITS - compliant ETF to realise the fallen angels investment concept with a
global investment horizon without excluding any individual regions or coun
global investment horizon without excluding any individual regions or countries.
The VanEck VectorsTM
Global Fallen Angel
High Yield Bond UCITS ETF and the VanEck VectorsTM Emerging Markets
High Yield Bond UCITS ETF are now listed on the London Stock Exchange.
The VanEck Vectors
Global Fallen Angel
High Yield Bond UCITS ETF is designed to enable investors to benefit from temporary misvaluation as a result of credit rating downgrades.
,
global bond yields got crushed, which may have given the
higher -
yielding Kiwi the
yield advantage and attracted buyers.
Investors could replicate the
Global Alpha & Beta ETF on their own, duplicating the fund's basic asset allocation model with the SPDR S&P 500 ETF (SPY) and Vanguard Total
Bond Market ETF (BND), which charge fees of.09 % and.10 %, respectively (or see more exotic bond ETF choices with higher yiel
Bond Market ETF (BND), which charge fees of.09 % and.10 %, respectively (or see more exotic
bond ETF choices with higher yiel
bond ETF choices with
higher yields).
A broad ensemble of
global income investments, the Fund seeks value opportunities across both traditional investment - grade and
high -
yield bond sectors and nontraditional asset classes, including convertibles, preferred stocks, non-U.S. sovereign and corporate debt and floating - rate loans.