Podcast Center
Video Center
Webcasts
Resource Center
Events
December 23, 2009 at 07:00 PM
After vacuuming in around $40 billion through the first 11 months of 2009, it’s been a good year for managers of bond ETFs. Looking to fill missing gaps in product lineups, several bond managers have added ETFs that fill the void.
BlackRock introduced the iShares 10+ Year Credit Bond Fund (CLY), and the iShares 10+ Year overnment/Credit Bond Fund (GLJ). CLY tracks the BofA Merrill Lynch 10+ Year US Corporate & Yankees Index, which is designed to measure the performance of the long-term, investment-grade U.S. corporate and Yankee bond markets. Component securities include debt issued publicly by U.S. corporations and U.S. dollar-denominated, publicly-issued debt of non-U.S. corporations, foreign government debt and supranational debt.
GLJ follows the BofA Merrill Lynch 10+ Year US Corporate & Government Index. It’s tied to the performance of the long-term, investment-grade U.S. corporate and government bond markets. Bonds inside the fund include publicly issued U.S. Treasury debt, U.S. government agency debt, debt issued by U.S. and non-U.S. corporations, foreign government debt and supranational debt. According to the prospectus, both funds have annual expense ratios of 0.20%.
