##  [# Daily ETF Watch: Currency Hedged Bond Fund](/sections/daily-etf-watch/daily-etf-watch-currency-hedged-bond-fund) 

 

# Daily ETF Watch: Currency Hedged Bond Fund

 

 

iShares files for high-yield international bond ETF that hedges away currency risk.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 May 08, 2015

 Edited by: Heather Bell

 

 

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Usually, with ETFs, currency hedging refers to funds that invest in foreign equities, while interest-rate hedging refers to fixed-income funds. In its latest filing, iShares is looking to apply currency hedging to high-yield corporate bonds.

The [iShares Currency Hedged Global ex USD High Yield Bond ETF](https://www.sec.gov/Archives/edgar/data/1100663/000119312515175171/d921858d485apos.htm) will track only bonds denominated in euros, British pounds sterling or Canadian dollars by issuers in developed markets, according to the prospectus. The Markit iBoxx Global Developed Markets ex-US High Yield (USD Hedged) Index includes bonds maturing in one to 15 years, and it caps individual issuers at 3 percent.

As is iShares’ practice with its currency-hedged products, the fund will primarily invest in another of the firm’s ETFs, the [iShares Global ex USD High Yield Corporate Bond ETF (HYXU | C)](https://www.etf.com/HYXU), and apply the currency hedge to that portfolio. HYXU has an expense ratio of 0.40 percent, or $40 per $10,000 of investment assets, and has more than $250 million in assets under management.

iShares’ filing for the currency-hedged bond fund ETF did not include an expense ratio or ticker, nor did it indicate where the fund would list.

**RevenueShares For Sale**

[A recent Reuters article](https://in.reuters.com/article/2015/05/07/revenueshares-ma-idINL1N0XY1TQ20150507) noted that VTL Associates LLC, which owns RevenueShares, is looking to unload the ETF provider. VTL has hired the Royal Bank of Canada to help it find a buyer.

RevenueShares has eight ETFs currently trading, with a total of $1 billion in assets. The largest fund in the family is the [RevenueShares Small Cap ETF (RWJ | B-81)](https://www.etf.com/RWJ), which has nearly $365 million in assets under management.

VTL did not indicate how much it was asking for the ETF provider or which firms had expressed interest; however, it did note that no deals were currently in the works.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Blackrock](http://www.etf.com/topics/blackrock) 

 [Bond](http://www.etf.com/topics/bond) 

 [Broad Maturities](http://www.etf.com/topics/broad-maturities) 

 [Broad-based](http://www.etf.com/topics/broad-based) 

 [Corporate](http://www.etf.com/topics/corporate)