BlackRock has launched the iShares Global Aggregate Bond Ucits ETF that is physically replicating the Bloomberg Barclays Global Aggregate index.
The index looks at global investment grade debt from 24 local currency markets, providing exposure to treasuries, government-related, corporate and securitised fixed-rate bonds from both developed and emerging markets companies.
The ETF has a total expense ratio of 0.10% and is available in currency-hedged share classes, including US dollar, sterling and euro.
Brett Olson, head of iShares Fixed Income EMEA, said: “Investors are increasingly diversifying their bond allocation to protect their portfolios from potential sudden market moves. This ETF provides access to broad fixed income exposure meaning investors can avoid the time and resource-consuming task of picking out individual bonds.
“As the broader fixed income market continues to evolve, investors are increasingly seeking the diversification and flexibility that ETFs can offer, and using them alongside traditional security selection. Our 84-strong UCITS bond ETF range provides investors with fixed income building blocks that can act as ballast against equity market risk, while pursuing a consistent income.”
iShares had over $1.5trn (€1.27trn) in assets under management as of 30 September 2017.