VanEck Vectors International High Yield Bond ETF (IHY) - NYSEARCA
  • Feb. 18, 2014, 4:53 AM
    • U.K. inflation has fallen below the Bank of England's target of 2% for the first time since November 2009, dropping to 1.9% on year in January from 2% in December and undershooting consensus that was also 2%.
    • On month, CPI exhibited deflationary tendencies, declining 0.6% vs a rise of 0.4% previously and consensus of -0.5%.
    • Core CPI +1.6% on year vs +1.7% and +1.9%.
    • The fall in inflation was due to lower prices for recreational goods & services, furniture & household goods and alcoholic beverages & tobacco. These factors were partially offset by increases for miscellaneous goods and services. (PR)
    • Factory output prices (PPI) fell 0.3% on month vs flat and +0.1%. (PR)
    • The pound slides vs the dollar and is -0.3% at $1.6664, while the FTSE 100 is -0.2%.
    • ETFs: FXB, EWU, GBB, IHY, HYXU, EWUS, PGHY, FKU, DXPS, DBUK
    | Feb. 18, 2014, 4:53 AM
IHY Description
The VanEck Vectors International High Yield Bond ETF (IHY) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of U.S. dollar, Canadian dollar, pound sterling, and euro denominated below investment grade corporate bonds issued by non-U.S. corporations in the major domestic or Eurobond markets.
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