Capital Group International Bond ETF (USD-Hedged) (CGIB)
Capital Group International Bond ETF (USD-Hedged) operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $25.39, up 0.08% on the session, giving a market capitalisation of $326.0M. Its beta of 0.08 implies it has historically moved less than the broad market.
The fund's main objective is to generate substantial current income while diligently preserving the capital invested. It accomplishes this by diversifying across a broad spectrum of debt securities, including corporate bonds and obligations from sovereign, quasi-sovereign, and supranational entities. The portfolio may also incorporate mortgage-backed securities issued by government-sponsored entities and federal agencies (even if not fully backed by the U.S. government), along with other asset-backed securities representing interests in pools of mortgages or various income-generating assets like consumer loans or receivables. A significant portion, specifically at least 40%, of the fund's assets will be allocated to investments outside the United States. While emphasizing capital preservation, up to 15% of its holdings can consist of bonds rated below investment grade (e.g., BB/Ba+ or lower, or unrated but deemed equivalent by the investment adviser at purchase), encompassing high-yield corporate debt or securities from developing country governments and companies. Despite its global reach, the fund is structured to maintain at least 90% of its currency exposure in U.S. dollars.
Capital Group International Bond ETF (USD-Hedged) is most often compared with the following Financial Services names: