Investment Objective: iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (Dist)
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The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) Index. In order to achieve this investment objective, the investment policy of the Fund is to invest in a portfolio of fixed income securities that, as far as possible and practicable, consist of the component securities of the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (which make up the fixed income component of the Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) Index) and foreign exchange forward contracts that, as far as possible and practicable, track the hedging methodology of the Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) Index, this Fund’s Benchmark Index. |