Bonds Global Corporate bonds USD High yield
The iBoxx USD Liquid High Yield Capped Index consists of the most liquid US Dollar denominated corporate bonds with sub-investment grade rating. The maximum time to maturity is 15 years and the minimum time to maturity is three and a half years for new bonds, three years for bonds that already exist in the index. For diversification purposes the weight of each issuer in the index is capped at 3%.