BlackRock has launched a new iShares bond index ETF on Xetra and Börse Frankfurt.
The iShares US Mortgage Backed Securities UCITS ETF gives investors access for the first time to the performance of mortgage-backed securities denominated in US dollars. The bonds included in the reference index are issued by US government sponsored enterprises such as US Ginnie Mae (GNMA), Fannie Mae (FNMA) and Freddie Mac (FHLMC) and have an investment grade rating. The bonds must also have a minimum residual maturity of one year, a fixed interest rate and a minimum volume of USD1 billion.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,141 exchange traded funds.