Vanguard has introduced the USD High Yield Corporate Bond UCITS ETF, providing low-cost access to US dollar-denominated sub-investment grade debt. The fund, which tracks the Bloomberg US High Yield $250MM 2 per cent Issuer Capped Index, will trade on major exchanges including London, Frankfurt, and Amsterdam. Claire Aley, head of Product and PRD Europe, noted that the launch addresses investor needs for portfolio income and duration management.
Meanwhile, T Rowe Price is entering the European active ETF market with two Irish-domiciled equity strategies: the T Rowe Price Integrated Global Equity Index UCITS ETF and the T Rowe Price Integrated US Equity Enhanced Index UCITS ETF. These funds, registered on the Xetra exchange this October, mark the firm’s first such expansion in Europe. Andrew Brickman, the newly appointed head of ETF solutions for EMEA, described the move as a response to the shift of ETFs from specialist tools to mainstream allocation vehicles.




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