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ETFs and stocks for higher yields

iShares Global High Yield Corporate Bond Fund (GHYG)

This fund tracks the Markit iBoxx Global Developed Markets High Yield Index. The index captures the performance of the global high yield corporate bond market.

The fund’s effective duration stands at 4.11 years suggesting moderate interest rate risk. GHYG is an overlooked choice with $94.0 million in assets and average daily volume of about 10,000 shares a day. It charges an expense ratio of 40 bps and yields around 4.99%. The fund has added about 2.4% so far this year. The fund has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

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