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

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.
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