Two New Barclays Fixed Income ETFs Begin Trading
Barclays Global Investors announced the launch of two new fixed income ETFs.
iShares S&P Short Term National Municipal Bond Fund (SUB) and the iShares Barclays Agency Bond Fund (AGZ) began trading on November 7.
The new iShares Funds offer convenient, cost-effective, liquid ways to access the municipal and agency markets.
The iShares S&P Short Term National Municipal Bond Fund's expense ratio is 0.25% and tracks an index of short-term investment-grade segment of the U.S. municipal bond market.
The iShares Barclays Agency Bond Fund's expense ratio is 0.20% and tracks an index of the agency sector of the U.S. government bond market. It is comprised of investment-grade U.S. dollar-denominated debentures issued by government and government-related agencies, including the Federal National Mortgage Association ("FNMA" or "Fannie Mae"). The Index includes both callable and non-callable agency securities that are publicly-issued by U.S. government agencies, quasi-federal corporations, and corporate and foreign debt guaranteed by the U.S. government.
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