iShares has launched four iSharesBonds Corporate ex-Financials Term exchange-traded funds. The new offerings (with defined maturity dates in 2016, 2018, 2020 and 2023) will bet on a diversified pool of investment grade corporate credit and are expected to appeal to institutional clients such as bank treasurers.
The four iSharesBonds ETFs launched include:
• iSharesBond 2016 Corporate ex-Financials Term ETF (IBCB)
• iSharesBond 2018 Corporate ex-Financials Term ETF (IBCC)
• iSharesBond 2020 Corporate ex-Financials Term ETF (IBCD)
• iSharesBond 2023 Corporate ex-Financials Term ETF (IBCE)
Matthew Tucker, Head of iShares Fixed Income Investment Strategy stated: “Bank treasurers are challenged with building diversified portfolios in an environment of low liquidity, low yields and interest rate volatility. iSharesBonds aim to meet the needs of these clients by offering the regular income and end date of a bond as well as the exchange liquidity, transparency and diversification of an ETF.”