Market Vectors ETF Trust has launched the International High Yield Bond ETF, which bet on the corporate high-yield bond market.

Market Vectors’ 46th ETF has a gross expense ratio of 53 basis points and a net expense ratio of 40 bps.

“Our research has shown that for many investors the current allocation to corporate high-yield debt may miss as much as 35% of the global high-yield market,” stated Edward Lopez, Market Vectors’ Marketing Director. “That underexposure may be especially important as international corporate high-yield bonds currently offer higher yields as well as historically lower default rates than similar debt instruments issued in the U.S.”

The ETF seeks to replicate the performance of The BofA Merrill Lynch Global Ex-US Issuers High Yield Constrained Index, which is comprised of below investment-grade debt issued by corporations outside the U.S., including emerging market countries.

The Market Vectors family currently totals $23.7 billion in assets under management, as of December 31, 2011. Market Vectors ETFs are distributed by Van Eck Global.

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