By Vladimir Nikulin, CFA
During the last week, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) declined by 0.46% primarily due to monthly dividend payments last week. HYG's underlying portfolio demonstrated neutral performance (0.0%) due to lack of positive news during the last week and less dovish than expected statements made by Fed during its meeting.
Figure 1. Price change of different ETFs in April
Source: Bloomberg Terminal
Both fixed-income and equity assets gained positive returns in April due to accommodative central banks, the expectation of a strong Chinese growth, and