PowerShares' Global Short Term High Yield Bond Portfolio (PGHY) is set to launch on June 20 with...

|About: PowerShares Global Short... (PGHY)|By:, SA News Editor

PowerShares' Global Short Term High Yield Bond Portfolio (PGHY) is set to launch on June 20 with an expense ratio of 0.35%. Like the name says, the fund will keep duration low and invest globally. iShares' GHYG also invests globally in high yield, but with no mandate to keep holdings short-term. Several high yield funds have built-in hedges against higher rates, including HYHG, THHY, HYLS.