The iShares iBoxx $ High Yield ex-Energy Corporate Bond ETF will track an index comprising low-rated corporate debt and excluding bond issues by oil and gas producers and their suppliers.
The ETF will roll out at a time when energy prices have slowly rebounded from dramatic lows earlier this year, which put pressure on energy sector debt.
Plans for the new ETF were revealed in a March filing with the SEC.
The fund will attempt to track the performance of the Markit iBoxx USD Liquid High Yield ex-Oil and Gas Index.
Deutsche Announces Fixed-Income Funds
New York-based Deutsche Asset & Wealth Management has announced the offering of two conservative fixed-income funds designed to behave the same way as money market mutual funds.
The Deutsche Limited Maturity Quality Income Fund will invest mainly in high-quality, short-maturity U.S. fixed-income.
The Deutsche Ultra-Short Investment Grade Fund will invest in investment-grade U.S. dollar-denominated fixed-income.
Both funds will attempt to provide investors with capital preservation, liquidity and consistent income and will be available in institutional and investment share classes.