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The credible sustainable bond universe is gradually increasing, and that could support the related exchange traded funds, including those addressing high yield debt.
It's a new year and perhaps that will mean better things for bonds and bond ETFs, including high-yield corporate fare. As things stood on Thursday, January 26, the widely followed Markit iBoxx USD Liquid High Yield Index is higher by nearly 4% year-to-date.
High yield corporate debt slipped last year as Treasury yields spiked amid the Federal Reserve's rising rates regime. This year, there's concern that a recession will weigh on the junk bond space, potentially creating a wave of defaults.
Equity, debt funds tap into rising demand for sustainable investments.
IndexIQ has launched two new ESG-focused exchange-traded funds on the NYSE Arca today: the IQ MacKay ESG High Income ETF (NYSE Arca: IQHI) and the IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM).
SEC filings for IQHI aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.