IShares And First Trust Launch Batch Of New ETFs
IShares, the world's largest ETF family, has spawned the first sector-specific bond ETFs: 1. iShares Financial Sector Bond Fund (MONY) 2. iShares Industrials Sector Bond Fund (ENGN) 3. iShares Utilities Sector Bond Fund (AMPS) Those hold bonds issued by financial, industrial and utilities companies. The average coupon in the MONY index is 5.3% with an average maturity of eight years. ENGN holds bonds issued by all sectors except for financials,
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