Overview
Description
The iShares Broad USD Investment Grade Corporate Bond ETF is a type of exchange-traded fund designed to provide investors with exposure to a broad range of U.S. dollar-denominated investment-grade corporate bonds. Its primary function is to mirror the performance of the ICE BofA US Corporate Index, which includes a diversified selection of bonds issued by large, creditworthy corporations across various industries. Notably, this ETF encompasses bonds with varying maturities, contributing to its wide-reaching significance in the bond market.
This ETF serves as a strategic asset for investors seeking stable income and capital preservation, as it invests in high-quality debt instruments with relatively low default risk. By focusing on investment-grade bonds, the ETF highlights key sectors like finance, industrials, and utilities, providing a cross-section of corporate America's credit landscape. As part of the iShares family, the fund benefits from BlackRock's management expertise and liquidity, making it a popular choice among institutional and retail investors who aim to diversify their fixed-income portfolio while maintaining investment-grade standards.
About
Address
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Phone
1-800-474-2737
Website
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Instrument type
ETF
Country
United States
MIC code
XNMS