Update: iShares Euro Corporate Bond ex-Financials UCITS

Industrieanleihen und Versorger dominieren den Index. Wer über ein Investment in Euro-Bonds ex Financials nachdenkt, sollte die extrem expansive Linie der EZB bedenken. 

Jose Garcia-Zarate 27.02.2015

Rolle im Portfolio

The iShares Euro Corporate Bond ex-Financials ETF offers investors exposure to the market of EUR-denominated investment grade corporate bonds issued by industrial and utility companies. Investors have been traditionally attracted to investment-grade corporate bonds for the expected steady income at higher vis-a-vis government bonds of similar rating and an assumed lower risk profile vis-a-vis equity. Within the corporate bond market, non-financial issuers usually carry lower risk than financials. This ETF tracks a Barclays Capital index which is very broad in its geographical scope, hence suiting investors looking to maximise diversification. The overwhelming majority of corporate debt issuers are located in developed economies.

The combination of yield pick-up and relative security vs. equity makes this ETF a candidate to work as a core building bloc of a fixed income investment portfolio, affording investors the means to enhancing overall returns. However, some investors may see the exclusion of financial corporate debt as curbing the yield-enhancing properties of the ETF.

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Über den Autor

Jose Garcia-Zarate  is an ETF analyst with Morningstar UK.

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