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Posted by
Two Blokes Apr 16 -
Filed in
Stock
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The Vanguard Total International Bond Index Fund ETF (BNDX) offers global diversification, hedges USD risk, and has a 7.1-year effective duration. BNDX ETF invests in sovereign, corporate, and asset-backed securities, with significant exposure to Japan, France, Germany, Italy, the UK, Canada, and Spain. Despite its diversification benefits, regional sovereign spreads are unattractive. Moreover, rising CDS spreads and global economic contagion suggest risky credit is unappealing.
