IShares readies 8 target-maturity bond ETFs

01/29/2013 | Morningstar

IShares filed with the Securities and Exchange Commission for authorization to offer eight passively managed exchange-traded bond funds maturing in a specified year. Four of the ETFs would buy multisector investment-grade bonds maturing in 2016, 2018, 2020 or 2023. The remaining funds would acquire financial-sector bonds due in 2016, 2018, 2020 or 2023.

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