New ETFs On The Block: Market Vectors Treasury-Hedged High Yield Bond ETF (THHY)

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Van Eck Global, the New York-based fund provider behind the Market Vectors ETFs, has rolled out the Market Vectors Treasury-Hedged High Yield Bond ETF (THHY). The fund seeks to exploit the income potential of below investment-grade US corporate bonds in low interest-rate environments, but hedges the interest rate risk through the use of Treasury notes. In other words, it’s an …