The iShares iBoxx $ Investment Grade Corp Bond ETF (LQD) has rallied by about 4% from its 52-week low in Q4 2018. The increasingly dovish Federal Reserve this year has reduced interest rate risk, allowing investment grade bonds to move higher, though investors should beware the weakening economy, which could undermine the performance of the LQD ETF going forward.
Source: Yahoo Finance
Prospectus Review:
The LQD ETF aims to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index. The fund seeks to provide investors exposure to the highest-quality corporate