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International Bond ETF (BNDX) Hits New 52-Week High

Sanghamitra Saha
Due to high profitability and easy liquidity, mutual fund managers have been eyeing startups as potential investments for long.

For investors seeking momentum, Vanguard Total International Bond ETF BNDX is probably on radar now. The fund just hit a 52-week high, which is up roughly 2.7% from its 52-week low price of $53.84/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

BNDX in Focus

The underlying Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. The average effective maturity and average duration are 9.3 years and 7.8 years. The fund charges 11 bps in fees (see all Total Bond Market ETFs here).

Why the Move?

Since markets have been volatile lately and there has been a bloodbath in the global market mainly due to concerns over waning global growth, investors sought safety and bond yields went on a downhill ride, benefiting the fund.

More Gains Ahead?

The fund has a positive weighted alpha of 1.30. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer, especially if uncertainty prevails.

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VANGD-TTL INT B (BNDX): ETF Research Reports
 
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