SPBO - BlackRock's iShares files for BBB-rated corporate-bond ETF

BlackRock’s iShares Trust has filed paperwork with the U.S. Securities Exchange Commission to launch an exchange traded fund called the iShares BBB Rated Corporate Bond ETF. The fund will seek to track the investment results of an index composed of BBB or equivalent fixed-rate dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers.The index the fund will track is the Markit iBoxx USD Liquid Investment Grade Index, which is designed to provide a balanced representation of the U.S dollar investment-grade corporate market.The index offers exposure to investment-grade corporate bonds and is rebalanced on a monthly basis. Only bonds from large issuers with at least $1B in aggregate outstanding issuance and $500M face value per bond are included in the index.Unlike the popular iShares LQD ETF which holds notes ranging from AAA down to BB rated. This exchange traded fund will only offer exposure to the lower rated BBB bonds.With regards

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BlackRock’s iShares files for BBB-rated corporate-bond ETF