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Top 67 Vanguard ETFs: Which Is Right For You?

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Just a few years ago there were only a handful of bond ETFs available to U.S. investors, and almost all of them focused on securities from U.S. issuers denominated in U.S. dollars. One of the most noteworthy innovations to shape the ETF industry over the last several years has been a significant growth in international bond products; as issuers have worked around concentration-related issues and other hurdles, the universe of bond ETPs targeting markets beyond U.S. borders has grown tremendously.

With dozens of international bond ETPs now on the market, investors have the flexibility to tap into all corners of the fixed income universe. Below, we highlight all of the international bond ETF options.

Emerging Markets Bonds (Local and Dollar-Denominated)

There are a handful of ETFs that offer exposure to debt of emerging markets issuers that is denominated in U.S. dollars. Because the underlying bonds are issued in the currency of the U.S., the exchange rate impact is stripped out; fluctuations in the value of emerging market currencies relative to the U.S. dollar don’t impact returns to U.S.-based investors. Conversely, there are also several local currency-denominated funds that offer exposure to emerging market debt.

TickerNameCurrency Exposure
(EMB A-)iShares JPMorgan USD Emerging Markets Bond FundU.S. Dollar Denominated
(PCY B+)PowerShares Emerging Markets Sovereign Debt PortfolioU.S. Dollar Denominated
(EMLC A)Market Vectors Emerging Markets Local Currency Bond ETFLocal Currency
(ELD B)WisdomTree Emerging Markets Local Debt FundLocal Currency
(LEMB B-)iShares Emerging Markets Local Currency Bond ETFLocal Currency
(DSUM A+)PowerShares Chinese Yuan Dim Sum Bond PortfolioLocal Currency
(EBND A)SPDR Barclays Capital Emerging Markets Local Bond ETFLocal Currency
(EMCB B+)WisdomTree Emerging Markets Corporate BondU.S. Dollar Denominated
(CHNB n/a)Global X GF China Bond ETFLocal Currency
(KCNY n/a)Kraneshares E Fund China Commercial Paper ETFLocal Currency
(CEMB C+)iShares Emerging Markets Corporate Bond ETFU.S. Dollar Denominated
(EMCD B+)SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETFU.S. Dollar Denominated
(CBON n/a)Market Vectors ChinaAMC China Bond EtfLocal Currency
(EMAG B)Market Vectors Emerging Markets Aggregate Bond ETFU.S. and Local Currency
(EMIH n/a)Emerging Markets Bond - Interest Rate Hedged ETFU.S. Dollar Denominated
(CHLC B-)Market Vectors Renminbi Bond ETFLocal Currency
(FEMB n/a)First Trust Emerging Markets Local Currency Bond ETFLocal Currency
(PFEM C)PowerShares Fundamental Emerging Markets Local Debt PortfolioLocal Currency
(LEMF n/a)EGShares TCW EM Long Term Investment Grade Bond ETFU.S. Dollar Denominated
(IEMF n/a)EGShares TCW EM Intermediate Term Investment Grade Bond ETFU.S. Dollar Denominated
(SEMF n/a)EGShares TCW EM Short Term Investment Grade Bond ETFU.S. Dollar Denominated
(VWOB A)Vanguard Emerging Markets Government Bond ETFU.S. Dollar Denominated

Asia Pacific (Developed and Emerging)

There are a number of ETFs offering exposure to debt issued by emerging and developed economies in the Asia Pacific region, including some inverse and leveraged options.

TickerETFRegionRegion Specific
(ALD B+)Asia Local Debt FundBroad AsiaPacific ex-Japan
(AUNZ A)Australia & New Zealand Debt FundDeveloped Asia PacificAustralia
(CBON n/a)ChinaAMC China Bond ETFEmerging Asia PacificChina
(CHLC B-)Market Vectors Renminbi Bond ETFEmerging Asia PacificChina
(CHNB n/a)GF China Bond ETFEmerging Asia PacificChina
(DSUM A+)Chinese Yuan Dim Sum Bond PortfolioEmerging Asia PacificChina
(JGBD B)DB 3x Inverse Japanese Government Bond Futures ETNDeveloped Asia PacificJapan
(JGBL A)DB Japanese Government Bond Futures ETNDeveloped Asia PacificJapan
(JGBS A)DB Inverse Japanese Government Bond Futures ETNDeveloped Asia PacificJapan
(JGBT B+)DB 3x Japanese Government Bond Futures ETNDeveloped Asia PacificJapan
(KCNY n/a)E Fund China Commercial Paper ETFEmerging Asia PacificChina

Developed Europe

For investors looking to gain access to debt of European issuers, there are several broad and country-specific options. Some of these funds also offer leveraged and inverse exposure:

TickerETFRegion Specific
(BUNL C+)DB German Bund Futures ETNGermany
(BUNT C+)3x German Bund Futures ETNGermany
(EU A-)Euro Debt FundDeveloped Europe Broad
(GGOV B+)German Sovereign/Sub-Sovereign ETFGermany
(ITLT A-)DB 3x Italian Treasury Bond Futures ETNItaly
(ITLY B-)DB Italian Treasury Bond Futures ETNItaly

Global and Global ex-U.S.

The bond ETF lineup consists of a number of products that cast a wide net, holding debt securities from issuers around the globe. The following ETFs hold debt of several different countries, including both developed and emerging markets. The table identifies which options include or exclude U.S. fixed income:

TickerETFRegion
(BNDX n/a)Total International Bond ETFGlobal ex-U.S.
(BWX A)SPDR Barclays Intl Treasury BondGlobal ex-U.S.
(BWZ A-)SPDR Barclays Capital Short Term International Treasury Bond ETFGlobal ex-U.S.
(CRDT C)Strategic Corporate Bond FundGlobal
(FCOR n/a)Corporate Bond ETFGlobal
(FWDB C+)Madrona Forward Global Bond ETFGlobal
(GTIP B)iShares Global Inflation-Linked Bond ETFGlobal
(HYXU A-)Global ex USD High Yield Corporate Bond FundGlobal ex-U.S.
(IBDA B-)iSharesBond 2016 Corporate Term ETFGlobal
(IBDB B)iShares 2018 Corporate Term ETFGlobal
(IBDC B)iSharesBond 2020 Corporate Term ETFGlobal
(IBDD A-)iBonds Mar 2023 Corporate ETFGlobal
(IBND C)SPDR Barclays Capital International Corporate Bond ETFGlobal ex-U.S.
(IGOV A+)S&P/Citigroup International Treasury FundGlobal ex-U.S.
(IHY A-)Market Vectors International High Yield Bond ETFGlobal ex-U.S.
(IJNK n/a)SPDR Barclays International High Yield Bond ETFGlobal ex-U.S.
(ILB C+)Global Advantage Inflation-Linked Bond Strategy FundGlobal ex-U.S.
(ISHG A)S&P/Citi 1-3 Yr Intl Treasury BdGlobal ex-U.S.
(ITIP A-)iShares International Inflation-Linked Bond ETFGlobal ex-U.S.
(PGHY C+)PowerShares Global Short Term High Yield Bond PortfolioGlobal
(PICB C+)International Corporate Bond PortfolioGlobal ex-U.S.
(RAVI C+)Ready Access Variable Income FundGlobal
(RIGS n/a)RiverFront Strategic Income FundGlobal
(SUBD n/a)Solactive Investment Grade Subordinated Debt FundGlobal
(WIP A+)SPDR DB International Government Inflation-Protected Bond ETFGlobal ex-U.S.

The Bottom Line

These international bond ETFs are great options for investors looking to diversify their fixed income holdings. In addition, many of these funds can help target specific corners of the market, including regions, countries, and emerging or developed market exposure. Be sure to utilize the ETFdb Screener to help narrow down international exposure.

Disclosure: No positions at time of writing.

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