PowerShares listed the second-ever international corporate bond ETF for trading this week, behind State Street Global Advisor’s international corporate bond product, falling right in step with the unfolding of the debt crisis in Europe.
Invesco PowerShares has listed an international corporate bond ETF. The PowerShares International Corporate Bond Portfolio (PICB) is based on the S&P International Corporate Bond Index.
Portfolio diversification calls for spreading investment risk across asset classes and geographies. In many cases, exchange traded funds offer investors the opportunity to do both.