ETF offers first-time access to mortgage-backed bonds denominated in US dollars….
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A new iShares bond index ETF from BlackRock’s product offering has been tradable on Xetra and Börse Frankfurt since Friday.
Name: iShares US Mortgage Backed Securities UCITS ETF
Asset class: bond index ETF
Total expense ratio: 0.28 percent
Distribution policy: distributing
Benchmark: Barclays US Mortgage Backed Securities Index
The iShares US Mortgage Backed Securities UCITS ETF gives investors access for the first time to the performance of mortgage-backed securities denominated in US dollars. The bonds included in the reference index are issued by US government sponsored enterprises such as US Ginnie Mae (GNMA), Fannie Mae (FNMA) and Freddie Mac (FHLMC) and have an investment grade rating. The bonds must also have a minimum residual maturity of one year, a fixed interest rate and a minimum volume of US$ 1 billion