Two More iShares ETFs Debut Today

BlackRock's BLK iShares unit, the world's largest ETF sponsor, will introduce its third and fourth ETFs this week when it rolls out the iShares Global High Yield Corporate Bond Fund GHYG and the iShares Morningstar Multi-Asset Income Index Fund IYLD. The two funds will add to iShares' growing lineup on the BATS Exchange. The The iShares Global High Yield Corporate Bond Fund will track the Markit iBoxx Global Developed Markets High Yield Index. At the end of February, that index was comprised of almost 650 high yield corporate bonds denominated in U.S. dollars, Euros, British pounds sterling and Canadian dollars. GHYG will have an expense ratio 0.55%. The The iShares Morningstar Multi-Asset Income Index Fund will track the the Morningstar Multi-Asset High Income Index. Thaat index is designed to provide 20% exposure to equities, a 20% allocation to alternative investment strategies and a 60% weight to fixed income products. IYLD's index is comprised of other iShares ETFs including the following: The iShares Dow Jones Select Dividend Index Fund DVY, the iShares Dow Jones International Select Dividend Index Fund IDV and the iShares S&P Global Infrastructure Index Fund IGF. The following ETFs are found within the fixed-income asset class: The iShares iBoxx $ High Yield Corporate Bond Fund HYG, the iShares Barclays 20+ Year Treasury Bond Fund TLT, the iShares J.P. Morgan USD Emerging Markets Bond Fund EEMB, the iShares S&P/Citigroup International Treasury Bond Fund IGOV, and the iShares 10+ Year Credit Bond Fund GLJ. The following funds are found among the alternatives asset class: The iShares S&P U.S. Preferred Stock Index Fund PFF the and iShares FTSE NAREIT Mortgage Plus Capped Index Fund REM. IYLD will have an expense ratio of 0.6%. Earlier this week, iShares introduced the iShares Emerging Markets High Yield Bond Fund EMHY and the the iShares Global ex USD High Yield Corporate Bond Fund HYXU.