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Market 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
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IHY Description
The Market 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 The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of below investment-grade debt issued by corporations located throughout the world (which may include emerging market countries) excluding the United States denominated in Euros, U.S. dollars, Canadian dollars or pound sterling issued in the major domestic or Eurobond markets.
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