BlackRock's iShares launches three high-yield funds, multi-asset fund

By Susanna Moon

Chicago, April 3 - BlackRock, Inc. said its iShares Exchange Traded Funds business launched two new funds Tuesday, with two more scheduled to launch on Thursday.

The iShares Emerging Markets High Yield Bond Fund (EMHY) and the iShares Global ex USD High Yield Corporate Bond Fund (HYXU) began trading on Tuesday.

The iShares Global High Yield Corporate Bond Fund (GHYG) and the iShares Morningstar Multi-Asset Income Index Fund (IYLD) will begin trading on Thursday.

The new funds include three "first to market" products designed to offer exposure to high-yield securities across the global developed and emerging markets, according to a press release. The fourth new fund is an "ETF of iShares ETFs" that seeks to provide single-trade access to a diversified set of income sources.

BlackRock is an investment management firm based in New York.

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