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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.