DJ Corporate Bond index to underlie Israel ETN

The index provider says this is the first fixed income ETN available in this country and the first time the index has been licensed as the underlying for an exchange-traded product globally. The index measures the performance of 96 investment grade corporate bonds of varying maturities, on a total return basis. In terms of sectors, the benchmark largely comprises financials, industrials and utilities/telecommunications. All issues in the index are equally weighted within their maturity groups, consisting of two, five, 10 and 30-year maturities. The ETN based on the index is spon...