iShares unveils long duration fixed income funds

The iShares 10+ Year Credit Bond fund tracks the Bank of America Merrill Lynch 10+ Year US Corporate and Yankees index. The benchmark is a market value weighted, total rate of return index measuring the performance of long-term, investment-grade US corporate and Yankee bonds. The constituent securities have $250m or more of outstanding face value, with at least 10 years remaining to maturity. The index comprises debt publicly issued by US corporations and dollar-denominated, publicly issued debt of non-US corporations, as well as foreign government and supranational debt. The iShar...