Global fixed income with high yield.

ETF market is booming. On the other side the old kind of exchange traded mutual funds are loosing vogue. Currently you can find plenty of ETF specialty like global equity, sector's niche, currency ETF and also with fixed income. But the offer for fixed income ETF is quite limited. Mostly focused only on US government, corporate and municipal bonds. Investors looking for global exposure can choose among closed end funds. Except US and other major economies you can find also very exotic investment. I've listed below the highest yielding CEF. Majority of them are keeping bonds from emerging markets like Brazil, Russia, Turkey, Mexico, Eastern Europe. High yield is compensated by lower rating than US bonds are having.

Ticker	Name	Sponsor	Yield
(FHO)	First Trust Strategic High Income Fund	First Trust Advisors LP	16.36%
(HYF)	Managed High Yield Plus Fund, Inc.	UBS Global Asset Management	13.11%
(MGB)	Morgan Stanley Global Opportunity Bond Fund	Morgan Stanley Institutional	12.85%
(HNW)	Pioneer Diversified High Income Trust	Pioneer Investments	11.49%
(PHT)	Pioneer High Income Trust	Pioneer Investments	11.11%
(HIX)	Western Asset High Income Fund	Legg Mason	10.37%
(JGT)	Nuveen Multi-Currency Short-Term Government	Nuveen Investments	10.33%
(EMD)	Western Asset Emerging Markets Income Fund	Legg Mason	9.52%
(MIN)	MFS Intermediate Income Trust	MFS	9.43%
(JGG)	Nuveen Global Government Enhanced Income Fund	Nuveen Investments	9.26%
(ESD)	Western Asset Emerging Markets Debt Fund	Legg Mason	9.22%
(KST)	DWS Strategic Income Fund	DWS Scudder	9.19%
(FAM)	First Trust/Aberdeen Global Opportunity	First Trust Advisors LP	9.08%
(KMM)	DWS Multi-Market Income Trust	DWS Scudder	9.01%