Is Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) a Strong ETF Right Now?

The article reviews Invesco Global ex-US High Yield Corporate Bond ETF (PGHY), a smart beta ETF launched in 2013 with $226.87 million in assets. It offers a low expense ratio of 0.35% and a 7.30% dividend yield, but carries high risk with a standard deviation of 5.29%. The fund has returned 0.89% year-to-date and 2.92% over the past year. The article suggests considering alternative high-yield bond ETFs like HYG and USHY, which have significantly larger asset bases.