PowerShares ETF focuses on short-maturity high-yield bonds

06/19/2013 | IndexUniverse.com

Invesco PowerShares is set to launch on NYSE Arca an exchange-traded fund buying global short-maturity high-yield bonds. The PowerShares Global Short Term High Yield Bond Portfolio will buy private and publicly traded below-investment-grade bonds maturing in three years or less, according to the prospectus.

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