IShares seeks SEC approval for 4 target-maturity ETFs

06/9/2013 | IndexUniverse.com

IShares has filed a registration statement with the Securities and Exchange Commission for target-maturity exchange-traded funds coming due in 2016, 2018, 2020 and 2023. The ETFs would buy investment-grade publicly traded debt sold by corporations worldwide. To be considered for purchase, each security must have more than $250 million in face value outstanding.

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