Bond exchange-traded funds are touting their contributions to market transparency in the thinly traded, splintered fixed income market, The Wall Street Journal reports.

Bond ETFs offer “all the benefits you associate with an exchange: transparency of price, being able to see the ticker for the security [and] being able to understand the transaction costs beforehand,” said Matt Tucker of Barclays Global Investors. Whereas bond funds charge between 50 basis points and 1%, BGI’s bond ETFs charge between 15 and 25 basis points, State Street Global Advisors charges between 13 and 18 basis points, and Vanguard levies 11 basis points.

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