Jeff Benjamin reported on the growth of target-maturity ETFs now that BlackRock's [profile]
has started trading four more target-maturity ETFs in its 14 target-maturity ETF lineup today
Matthew Tucker, head of iShares fixed income strategy, said the existing target-maturity ETFs have grown to more than $500 million. “We're seeing these funds used by investors who would normally use individual bonds to build bond ladders or bond portfolios,” he said. “We're also seeing some participation from institutional investors.”
BlackRock has been a pioneer in the industry, launching the first target-maturity ETFs in 2010. Guggenheim Investments
, which offers the BulletShares Corporate Bond ETF
, is the other player in the space.
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