Barclays' Two New Bond ETFs

The volatility in the market has placed a new focus on fixed-income products such as ETFs offering access to municipal and agency markets

Barclays Global Investors launched two new ETFs that respond to the latest market demand.

According to David Hoffman for Investment News, the new ETFs are:

• iShares S&P Short Term National Municipal Bond Fund (SUB), 0.25% expense ratio
• iShares Barclays Agency Bond Fund (AGZ), 0.20% expense ratio

SUB measures the performance of the short-term investment grade U.S. muni bond market. AGZ tracks the performance of the agency sector within the U.S. government bond market.

Comments

[bigmoney:]

some stuff from the iShares Fund Facts:

SUB:
- defined by the S&P National 0-5 Year Municipal Bond Index.
- weighted average maturity: 2.58
- weighted average coupon: 5.17%
- S&P average credit AA+

MUB: S&P National Municipal Bond Index. (MUB)
Wt Avg Muturity: 13.05 Years
Wt Avg Coupon: 5.03
SP Avg Credit: AA+

2008 Nov 10 06:00 PM