iShares Yield Plus ETF

iShares has launched the iShares Yield Plus ETF (IYLD) , an exhange traded fund which tracks a highly diversified customised corporate bond benchmark - the Bloomberg AusBond Credit and Floating Rate Note Ex Big 4 Banks Index.

iShares says by excluding Australia's major banks, the fund offers investors unique portfolio diversification benefits. It has a management fee of 0.12 per cent and targets a 0.75 -1.0 per cent yield margin over the RBA cash rate.

“Designed with investors’ needs in mind, [the fund aims] to provide attractive, stable income streams via exposure to a diversified portfolio of high-quality Australian investment grade corporate bonds. Investors will also benefit from investing in institutional quality ETFs that meet daily liquidity and transparency demands," Christian Obrist, head of iShares, Australasia, said.

iShares by BlackRock iShares Yield Plus ETF Launched on 29 May 2020 Designed for wholesale, retail and institutional investors. Find out more This report is informational only in nature. Industry Moves neither recommends nor endorses this product/service.