iShares will be listing two new currency hedged corporate bond ETFs into Japan at the end of August. 1496 will track highly liquid investment grade bonds of giant global businesses based in developed countries. It will track a yen hedged version of the Markit iBoxx USD Liquid Investment Grade Index. It will be the fourth iShares product to reference that index.
1497 will track higher yielding bonds of transnational companies that “have an average rating of sub-investment grade”, while also hedging with the yen. The index 1497 will track is the Markit iBoxx USD Liquid High Yield Index – again with a yen hedging. It will be the third iShares product to use this benchmark.