iShares has expanded its suite of iSharesBonds with four new corporate term exchange-traded funds, including the iSharesBond 2016 Corporate Term ETF (IBDA), iSharesBond 2018 Corporate Term ETF (IBDB), iSharesBond 2020 Corporate Term ETF (IBDC) and the iSharesBond 2023 Corporate Term ETF (IBDD).
Matthew Tucker, head of iShares Fixed Income Investment Strategy, stated that the new ETFs will give investors “an entirely new way to access the bond market, one that combines the benefits of both individual bonds and traditional ETFs.”
“We expect the funds to be used by any investor who would use individual bonds, for building diversified portfolios, managing interest rate risk, and constructing bond ladders,” he added.
