April 23, 2021
A spate of fresh high-yield corporate debt supply is coming to market, but that’s not weighing on the
HYGV’s index tracks the performance of a broad universe of U.S. dollar-denominated high-yield corporate debt, while seeking a higher total return than the overall high yield corporate bond market (as represented by the Northern Trust High Yield US Corporate Bond IndexSM). The index uses a rules-based methodology to select and weight high-yield bonds according to a proprietary value score that measures the relative attractiveness of each security’s valuation compared to market price.
Robust issuance can be seen as a sign of similarly strong demand – the latter of which is supportive of funds such as HYGV.