Invesco Global ex-US High Yield Corporate Bond ETF

PGHY

Market cap $222M

Treasury yields surge as U.S.-Iran tensions lift oil prices. These ETFs could help investors navigate a rising-rate environment.

Designed to provide broad exposure to the High-Yield/Junk Bond ETFs category of the market, the Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) is a smart beta exchange traded fund launched on 06/20/2013.

Rising inflation and hawkish Fed signals are reviving rate-hike fears. These ETFs may help investors navigate a higher-yield environment.

Sticky inflation and rising rate fears are putting pressure on markets. These ETFs may help investors navigate a higher-rate environment.

There was a sharp rise in Treasury yields last week, with the 30-year Treasury yield climbing above 5.1% on May 15, 2026. Investor concerns intensified after a series of economic reports suggested inflationary pressures were picking up again, partly due to elevated oil prices linked to Middle East tensions.

Making its debut on 06/20/2013, smart beta exchange traded fund Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) provides investors broad exposure to the High-Yield/Junk Bond ETFs category of the market.

The Invesco Global ex-US High Yield Corporate Bond ETF offers attractive dividends against the outlook for further Fed rate cuts later this year. PGHY's maturity profile suggests it is most sensitive to changes in five-year treasury yields, indicating small but positive capital gain potential. PGHY's largest country exposures are to Brazil and Canada, with no other country accounting for more than 7.5% of the portfolio.

The Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) was launched on 06/20/2013, and is a smart beta exchange traded fund designed to offer broad exposure to the High-Yield/Junk Bond ETFs category of the market.

Invesco Global ex-US High Yield Corporate Bond ETF offers international high-yield exposure, blending developed and emerging market bonds for diversification. PGHY's performance closely tracks U.S. high-yield ETF JNK, providing similar total returns but with different underlying credit risks and issuers. Current macro conditions are unfavorable, as credit spreads are at historic lows, making now a poor entry point despite PGHY's portfolio benefits.

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