Tom Leswing of Ignites reports Barclays acquired approval from the SEC to offer two new fixed income exchange traded funds. Currently Barclays is the only firm that offers fixed income ETFs. Perhaps it is because bond products are more complicated than equity ETFs, as they are priced differently and sold through dealers.
The new ETFs will be based on the Lehman Brothers 1-3 Year U.S. Credit Index and to the Lehman Brothers U.S. MBS Fixed Rate Index. These upcoming ETFs are just another innovative way for providers to offer choices to the individual investor.
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