iShares Plans Maturing-Corp-Bond ETF Lineup
January 25, 2013
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It’s not immediately clear what the differences are—if any—between the straight corporate bond portfolios and the so-called multi-sector funds.
Also, officials from iShares were looking into the full extent of the filings the company has made.
The prospectuses of each of the straight corporate funds and the multisector funds said each of the portfolios is “a term fund” that will expire on March 31 of the year in the given fund’s name.
Each fund’s underlying index will be U.S. dollar-denominated, investment-grade securities publicly issued by U.S. and non-U.S. corporate issuers that have $250 million or more of outstanding face value at the time of inclusion.
Each fund’s investment in non-U.S. corporate issuers initially will consist primarily of corporate bonds issued by companies domiciled in developed countries, the filings said.
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