HYG is an ETF that tracks the performance of the Markit iBoxx USD Liquid High Yield Index, providing exposure to U.S. dollar-denominated high-yield corporate bonds.
Description: Launched in April 2007 by BlackRock, HYG is one of the largest and most liquid high-yield bond ETFs. It invests in below-investment-grade corporate bonds, offering investors a diversified portfolio of high-yield debt. The fund aims to replicate the index's return, which includes bonds with a minimum credit rating of BB- and a maximum of B+. HYG is widely used by investors seeking income and capital appreciation from the high-yield market, and it serves as a benchmark for the asset class. Its liquidity and low expense ratio make it a popular choice for both institutional and retail investors.
