Tags: BlackRock | ETF | sovereign | debt

BlackRock Starts ETF for AAA, AA Sovereign Debt

Thursday, 04 Oct 2012 11:37 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
BlackRock Inc. said it will start an exchange-traded fund tracking AAA and AA rated sovereign bonds to offer investors “high-quality government debt with global diversification.”

The fund will invest in fixed-rate, local-currency bonds rated AA3 or higher, based on the median of grades from Fitch Ratings, Moody’s Investors Service and Standard & Poor’s, BlackRock said today in an e-mailed statement.

No AAA country will account for more than 20 percent of the fund and no AA rated nation’s debt will be more than 10 percent of investments, BlackRock said.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved