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ETF
As of May 8, 2016 KINDEX Synth-iBoxx DM High Yield ETF has gone out of business. KINDEX Synth-iBoxx DM High Yield ETF is an exchange traded fund launched and managed by Korea Investment Management Co., Ltd. The fund invests in the fixed income markets of developed countries across the globe. It uses derivatives to invest in US dollar denominated below investment grade corporate bonds which are rated below BB+. The fund seeks to replicate the performance of the Markit iBoxx USD Liquid High Yield Index, by using synthetic replication technique. KINDEX Synth-iBoxx DM High Yield ETF was formed on July 30, 2013 and is domiciled in South Korea.
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