iShares Lehman TIPS Bond Fund began trading on the
The firm said the fund is the only exchange-traded fund that tracks "information-protected public obligations of the U.S. Treasury," which are also known as TIPS. They are income-generating instruments that are designed to protect investors from inflation. The fund has an expense ratio of 0.20% and will be managed by Barclays Global Fund Advisors, a subsidiary of Barclays Global Investors.
As of the start of September, the index contained 11 issues, all of which have at least one year until final maturity and a minimum of $200 million par outstanding.