PowerShares Global Short Term High Yield Bond ETF(PGHY)- 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
PGHY Description
The Global Short Term High Yield Bond Portfolio (Fund) is based on the DB Global Short Maturity High Yield Bond Index (Index). The Fund generally will invest at least 80% of its total assets in US and foreign short-term, non-investment grade bonds included in the Index, all of which are denominated in US dollars. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced quarterly and re-weighted annually.
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