{"id":68444,"date":"2018-01-18T00:32:57","date_gmt":"2018-01-17T23:32:57","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/solactive-expands-family-of-usd-high-yield-corporates-indices-used-as-the-basis-for-three-new-xtrackers-etfs\/"},"modified":"2018-01-18T00:32:57","modified_gmt":"2018-01-17T23:32:57","slug":"solactive-expands-family-of-usd-high-yield-corporates-indices-used-as-the-basis-for-three-new-xtrackers-etfs","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/solactive-expands-family-of-usd-high-yield-corporates-indices-used-as-the-basis-for-three-new-xtrackers-etfs\/","title":{"rendered":"Solactive expands family of USD High Yield Corporates Indices used as the basis for three new Xtrackers ETFs"},"content":{"rendered":"<p>The three indices are <strong>the Solactive USD High Yield Corporates<br \/>\nTotal Market 0-5 Year Index<\/strong> (SOLHYCST), <strong>the Solactive USD High Yield Corporates Total<br \/>\nMarket Low Beta Index<\/strong> (SOLHYCLB), and the <strong>Solactive USD High Yield Corporates Total<br \/>\nMarket High Beta Index<\/strong> (SOLHYCHB). Each index aims to offer exposure to different<br \/>\nsegments of the high yield corporate bond market denominated in USD.<\/p>\n<p>The first index, <strong>SOLHYCST<\/strong>, tracks the performance of short duration high yield bonds with<br \/>\nterm to maturity of maximum 5 years. Instead, <strong>SOLHYCHB<\/strong> mirrors the performance of<br \/>\nlower credit quality higher-beta bonds, while <strong>SOLHYCLB<\/strong> of lower-beta bonds, with beta<br \/>\nrepresenting a bond\u2019s level of volatility, and higher\/lower beta generally corresponding<br \/>\nto higher\/lower yield. <\/p>\n<p>The indices are respectively tracked by three ETFs, namely<br \/>\n<strong>Xtrackers Short Duration High Yield Corporate Bond ETF (NYSE Arca: SHYL), Xtrackers<br \/>\nHigh Beta High Yield Bond ETF (NYSE Arca: HYUP), and Xtrackers Low Beta High Yield<br \/>\nBond ETF (NYSE Arca: HYDW).<\/strong><\/p>\n<p>Steffen Scheuble, CEO of Solactive, commented:<em> \u201cIt is well known that high yield<br \/>\ncorporate bonds are an attractive alternative for higher returns within the fixed income<br \/>\nmarket. By expanding the Solactive USD High Yield Corporates Index range, we explore<br \/>\nalternative strategies that will allow market participants to easily customize their risk<br \/>\nexposure within this segment to an extend that is unique in the market.\u201d<\/em><\/p>\n<p>The indices are weighted by market capitalization with a 3% cap per issuer and are<br \/>\nreadjusted monthly. All index components must have a composite rating that is sub<br \/>\ninvestment grade and must be corporate debt denominated in USD from developed<br \/>\nmarkets. The indices are calculated as total return versions, meaning that the coupon<br \/>\npayments are reinvested in the index on each adjustment day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solactive is adding three new indices to its family of high yield corporate bond indices,<br \/>\nwhich have been developed as the basis for three new Xtrackers ETFs issued this week<br \/>\nand trading on the NYSE.<\/p>\n","protected":false},"author":20,"featured_media":68442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1655,1718,1671,1651,1437,2234,1720,2118],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/68444"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=68444"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/68444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/68442"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=68444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=68444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=68444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}