It looks like iShares isn’t going to be scared off that easily by the BATS Exchanges’s glitch last month.
BlackRock, Inc.’s exchange traded funds business today launched two new funds today: iShares Emerging Markets High Yield Bond Fund and iShares Global ex USD High Yield Corporate Bond Fund; with two more scheduled to launch on April 5: iShares Global High Yield Corporate Bond Fund and iShares Morningstar Multi-Asset Income Index Fund.
The iShares Morningstar Multi-Asset Income Index Fund is an ETF of iShares ETFs and will allocate 60% of its assets to fixed income, 20% to equity and 20% to alternative income sources. It will track the Morningstar Multi-Asset High Income Index.
“Market conditions -- in particular, an unprecedented low rate environment -- continue to make it vital for investors of all kinds to identify new sources of yield and income,” stated Darek Wojnar, Head of U.S. iShares Product Development and Management at BlackRock.
“As investors have broadened their search for new income sources globally, high yield has emerged as one of the market’s more significant opportunities.”