iShares Core Corporate Bond ETF
iShares has listed the iShares Core Corporate Bond ETF (ICOR) on the Australian Stock Exchange. The exchange traded fund aims to provide investors with exposure to the Australian corporate bond market.
The fund's benchmark is the Bloomberg AusBond Credit Index and the ETF also screens out companies involved in controversial weapons, fossil fuels, tobacco, civilian firearms and UN compact violators.
The manager will seek to capture additional returns through such measures as anticipating index changes, buying new bonds in the primary market and cash flow management.
“During periods of heightened market volatility, we have seen Australian investors deepen their usage of fixed income ETFs as key building blocks to construct resilient portfolios, whether it is for income generation, capital preservation, or as diversification from equities," head of iShares Australasia, Christian Obrist, said.