iShares iBoxx High Yield Corporate Bond ETF. (HYG)

An ETF that is designed to track the index of the US high yield market. The yield is anywhere from 9% to 10%. There is also currency risk attached to this because it is in US$. You have interest rate volatility and credit risk associated with it along with a currency risk. You are better off with a very strong fixed income active manager.

High yield bond market has been a very strong performer year-to-date but it is really coming off a very bad year in 2008. Up about 30% this year but were down 30%-35% last year. She would recommend an active high yield manager.

This is a high yield US corporate bond fund.