FYI: The first ETF to offer broad coverage of the bond market is turning 15, and it’s worth looking back on the changes it sparked in the ETF industry.
It wasn’t the first bond ETF—that was a family of funds covering different segments of the bond market that iShares rolled out in July 2002. Today all of those are multibillion-dollar products, the largest being the $34 billion iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD). The iShares Core U.S. Aggregate Bond ETF (AGG) didn’t come along until more than a year later, in late September 2003. But it was the first bond ETF to give investors exposure to the world’s premier bond index, the Barclays U.S. Aggregate Bond Index.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/etf-week-agg-turns-15M* Snapshot AGG:
https://www.morningstar.com/etfs/arcx/agg/quote.html
