iShares Global High Yield Bond (AUD Hedged) ETF

The iShares Global High Yield Bond (AUD Hedged) ETF, with the ticker IHHY, invests in a diverse range of high-yield bonds from around the world. These bonds typically offer higher interest payments because they come with more risk compared to investment-grade bonds. The ETF uses a strategy to hedge against currency fluctuations, meaning it aims to protect Australian investors from changes in exchange rates. This approach allows investors to gain exposure to global high-yield bonds while reducing the impact of currency movements on their returns. With a management fee of 0.56%, IHHY provides a way to potentially earn higher income through international bonds while managing currency risks.