Seeking Alpha
 

iShares Core Total U.S. Bond Market ETF (AGG)

- NYSEARCA
  • Mon, Apr. 27, 12:29 PM
    • "Funny how bonds were labeled 'certificates of confiscation' in the early 80s (the long bond yielded in the teens then)," tweets Bill Gross. "What should we call them now when many interest rates are negative," he adds.
    • Gross caused a bit of stir last week when he called German 10-year Bunds - then yielding about 10 basis points - the short of a lifetime, even better than the pound in 1993.
    • Previously: EU debt levels surge to records (April 21)
    • ETFs: AGG, BND, BOND, SCHZ, LAG, DI, FBND, RIGS, SAGG, GBF, IUSB, LDUR, FWDB, VBND
    | 3 Comments
  • Thu, Apr. 16, 9:40 AM
    • The Big Short was Michael Lewis' classic about how some made billions shorting subprime mortgage-backed securities ahead of the financial collapse. Now hedge funder Paul Singer says he's found a bigger short in plain old bonds.
    • Speaking at the Grant's Spring Conference, Singer wonders "why bondholders persist in trusting that the central banks will be capable of creating just enough inflation and not a farthing more."
    • Further, why do bondholders believe - as the former Fed chair, now citizen blogger (and now with Ken Griffin's Citadel) has said - that central bankers can cure an inflation overshoot in "ten minutes."
    • Inflation, says Singer, is already perky if you hang around the same circles he does. "The roaring markets for financial assets, high-end real estate and art, and other things that investors and the rich own or use, should be seen for what it is: a modern and peculiar form of inflation which is sectorial and emerges from a modern and peculiar policy mix. And this is the coming attraction for a more generalized inflation of the future.."
    • ETFs: AGG, BND, BOND, BNDX, BWX, SCHZ, PLW, LAG, IGOV, GOVT, DI, FBND, RIGS, SAGG, GBF, IUSB, LDUR, TAPR, FWDB, VBND
    | 2 Comments
  • Mon, Apr. 13, 9:35 AM
    • Still the world's largest bond fund with $117B in assets, Pimco's Total Return Fund (MUTF:PTTRX) showed U.S. government debt footing to just 21.6% of AUM in March, down from 35.3% a month earlier.
    • The fund's new managers have a hot hand (they took over in late September), and Total Return is now topping 83% of peers year-over-year after returning 5.2%. In Q1, the fund returned 2.22%, outperforming the benchmark (NYSEARCA:AGG) by 61 basis points. For the six months ended March 31, the return of 3.56% also beat the benchmark.
    | 2 Comments
  • Wed, Apr. 1, 12:26 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) announces monthly distribution of $0.211.
    • 30-Day Sec yield of 1.88% (as of 3/30/2015).
    • Payable Apr 8;for shareholders of record Apr 6; ex-div Apr 1.
    | Comment!
  • Thu, Mar. 26, 1:05 PM
    • Since the start of October (Bill Gross exited in late September), Pimco's (OTCQX:AZSEY) Total Return fund (MUTF:PTTRX) - ETF version BOND - has returned 3.73%, beating out 92% of its peers, according to the latest data from Morningstar. Year-to-date, the fund has returned 2.378%, ahead of 96% of its peers. The benchmark Aggregate Bond Index (NYSEARCA:AGG) has returned 1.736% YTD.
    • Outflows at Total Return continue, however, with February marking the 22nd consecutive month of net exits. With AUM of $124.7B, Total Return is in danger of losing its title of world's largest bond fund to the Vanguard Total Bond Market Index fund (MUTF:VBMFX) - ETF version BND.
    • "I am not invested with Pimco right now," says one wealth manager, willing to admit in print he moved everything out when Gross left.
    • Source: WSJ
    | 2 Comments
  • Thu, Mar. 19, 2:23 PM
    | 9 Comments
  • Wed, Mar. 18, 4:34 PM
    | Comment!
  • Mon, Mar. 16, 2:56 PM
    • Checking out sharp oil decline episodes in 1985, 1997-98, and 2008-09, Natixis' Patrick Artus sees a number of statistically robust consequences. Among them are a rise in real wages, corporate profits, and real interest rates.
    • In those instances since the introduction of the euro, the oil fall has also resulted in a weaker euro (we can check that one off already).
    • The bottom line, says Artus, is an optimistic view on the economy, especially the eurozone.
    • ETFs: AGG, FXE, BND, BOND, EUO, ERO, SCHZ, DRR, EUFX, LAG, ULE, URR, SAGG, GBF, FBND, IUSB, VBND
    | 1 Comment
  • Wed, Mar. 11, 1:07 PM
    • Bill Gross left the Total Return Fund (PTTRX, BOND) underweight mortgages when he exited in late September - just a 20% allocation. Under Scott Mather's leadership since, that allocation jumped to 30% as of the end of January, with Mather calling the previous light weighting "relatively unusual."
    • Even at 30%, the Total Return Fund has a smaller stake in agency mortgages than the Barclays Index (NYSEARCA:AGG), but Pimco also has a larger allocation to non-agency mortgages than the benchmark.
    • Pimco's move to boost mortgage holdings comes as peers like BlackRock and Western Asset Mortgage are unloading the paper. "The market last year became complacent on prepays," says Western Asset portfolio manager Carl Eichstaedt.
    | Comment!
  • Wed, Mar. 11, 9:46 AM
    • "The Fed is intent on being a blockhead," says Jeff Gundlach, arguing the U.S. central bank is about to make the same mistake the ECB did in 2011 when it hiked interest rates. The ECB found itself quickly reversing course as the higher rates helped precipitate a blow-up in the euro-periphery.
    • "Don't do it," he warns those who are thinking about going contrarian and shorting the dollar (UUP, UDN). Currency trends, he says, tend to go on and on. "The dollar, which has been a world leader, is going to be a world leader."
    • ETFs: AGG, UUP, BND, BOND, UDN, SCHZ, UUPT, FORX, UDNT, LAG, USDU, SAGG, GBF, FBND, IUSB, VBND
    | 23 Comments
  • Mon, Mar. 2, 2:01 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) announces monthly distribution of $0.186.
    • 30-Day Sec yield of 1.83% (as of 2/26/2015).
    • Payable Mar 6; for shareholders of record Mar 4; ex-div Mar 2.
    | Comment!
  • Tue, Feb. 24, 12:50 PM
    • The SPDR DoubleLine Total Return Tactical ETF (NYSEARCA:TOTL) rolled out today by State Street (NYSE:STT) will invest in a broad portfolio of debt securities.
    • As an active ETF the fund will be managed by veteran fixed income investor, Jeff Gundlach, his team at DoubleLine Capital and State Street Global Advisors.
    • "DoubleLine obviously brings a history and proven track record of delivering superior risk-adjusted returns,” says James Ross, executive vice president and global head of SPDR ETFs at State Street Global Advisors.
    • Other total market fixed income ETFs: AGG, BND, BOND, SCHZ, LAG, SAGG, GBF, RIGS, DI, FBND, LDUR, FWDB, IUSB, VBND
    | 3 Comments
  • Sat, Feb. 21, 8:54 AM
    • Is the ubiquitous Barclays U.S. Aggregate Bond Index (ETF version: AGG) due for an upgrade? Up to 90% of the Agg's risk is tied to changes in interest rates, figures BlackRock, with the other 10% linked to credit.
    • The coming iShares Fixed Income Balanced Risk ETF (INC) will split the risk evenly between rates and credit - in other words, writes Chris Dieterich, it aims to be equally sensitive to the underlying economy as it is to interest rates. To accomplish this, the fund will own more corporate bonds, and alongside Treasurys, it will hold derivatives to hedge against them.
    • Morningstar's Ben Johnson wouldn't mind an upgrade to the Agg, but figures more straightforward innovations could work best. One example is the iShares Core Total USD Bond Market ETF (NYSEARCA:IUSB), which launched last year. It's similar to the Barclays benchmark, but also includes high-yield paper and certain foreign bonds. "Does some better than the Agg have to be something that's complex ... It's a fine line between stupid and clever."
    • ETFs: AGG, BND, BOND, SCHZ, LAG, SAGG, GBF, FBND, IUSB, VBND
    | 8 Comments
  • Mon, Feb. 9, 5:08 PM
    | 3 Comments
  • Tue, Feb. 3, 12:35 PM
    • Among those cut is the SPDR Barclays Capital Aggregate Bond (NYSEARCA:LAG), which now charges 0.1% per year, down from 0.21%, and making it more competitive with AGG and BND.
    • SSgA's (NYSE:STT) ten international ETFs - a group including IPD, IPW, and IPK - now have annual fees of 0.4% vs. 0.5% previously. The emerging markets ETFs' - including EDIV and GML - new expense ratios are 0.49%, down from 0.50-0.59% previously.
    • Some of the fee reductions are more dramatic: The SPDR 1500 Value Tilt ETF (NYSEARCA:VLU) and the SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) are cut to 0.12% from 0.35%, and the SPDR Russell 2000 Low Volatility ETF (NYSEARCA:SMLV) is cut to 0.12% from 0.25%.
    • Others with cuts: ITE, SST, TLO, ITR, LGLV, LWC, SCPB, IPE, MOYG, MOYV, SLY, SLYG, SLYV, SPYG, SPVV, JPP, JSC, MTK, GWX, IPF, IPN, PS, IPU, IRV, IRY, IST, BIK, EEMB, GAF, GMF, GML, GUR, IBND.
    | Comment!
  • Mon, Feb. 2, 2:50 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) announces monthly distribution of $0.176.
    • 30-Day Sec yield of 1.76% (as of 1/29/2015).
    • Payable Feb 6; for shareholders of record Feb 4; ex-div Feb 2.
    | Comment!
Visit Seeking Alpha's
AGG vs. ETF Alternatives
AGG Description
The iShares Core Total U.S. Bond Market ETF (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Aggregate Bond Index.
See more details on sponsor's website
Country: United States
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub