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BlackRock launches iSharesBonds Corporate ex-Financials Term ETFs


BlackRock’s iShares exchange-traded funds business has launched four iSharesBonds Corporate ex-Financials Term ETFs.

These new products, with defined maturity dates in 2016, 2018, 2020 and 2023, are designed to offer investors “bond-like” features in addition to the benefits of an iShares ETF including exchange traded liquidity, transparency and diversification.
The iSharesBonds Corporate ex-Financial Term ETFs will provide efficient access to a diversified pool of investment grade corporate credit with a defined maturity date. While relevant to all investors the products are expected to appeal to institutional clients such as bank treasurers.
As investment grade corporate bond markets struggle with liquidity and transparency of pricing, institutional investors continue to use fixed income ETFs to efficiently manage their bond portfolios. iSharesBonds aim to meet the needs of institutional investors by providing access to a large, diversified pool of corporate issuers in a defined maturity security.
A detailed suite of reports that address the requirements of these highly regulated institutions will also be provided by BlackRock Solutions, BlackRock’s risk management, advisory and enterprise investment system. With the reporting requirements of bank treasurers in mind, iSharesBonds’ web-based reporting package offers 100 per cent daily holdings transparency of individual bond position, pricing and risk analytics. These analytics, available to all investors, are intended to help highly regulated financial institutions meet their reporting requirements.
The four iSharesBonds launched are as follows:
• iSharesBond 2016 Investment Grade Corporate Bond ETF [ticker: IBCB]
• iSharesBond 2018 Investment Grade Corporate Bond ETF [ticker: IBCC]
• iSharesBond 2020 Investment Grade Corporate Bond ETF [ticker: IBCD]
• iSharesBond 2023 Investment Grade Corporate Bond ETF [ticker: IBCE]
Matthew Tucker, head of iShares fixed income investment strategy, says: “Bank treasurers are challenged with building diversified portfolios in an environment of low liquidity, low yields and interest rate volatility. iSharesBonds aim to meet the needs of these clients by offering the regular income and end date of a bond as well as the exchange liquidity, transparency and diversification of an ETF.
“What differentiates these products is iShares’ unique ability to provide BlackRock Solutions’ portfolio risk analytics, reporting that is critical for institutional investors of fixed income. The BRS platform is currently used to analyse and process approximately USD13.7trn in assets, liabilities and derivatives for investors across the globe. The launch of iSharesBonds represents our continued commitment to innovation and bringing the best of BlackRock to our clients.”

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