iShares expands fixed income range

The new iShares fund offers access to the fixed-rate debt of emerging market governments which is denominated in their local currencies. The fund invests in physical bonds and provides investors with diversified exposure to a sector which can be difficult and costly to capture directly The iShares Barclays Capital Emerging Market Local Govt Bond fund extends iShares’ European fixed income range to 43 funds with a total of USD 30 billion in assets under management and complements the iShares JPMorgan $ Emerging Market Bond fund. Many emerging market governments issue debt in two forms, US...