iShares' Euro Corporate Bond surpasses €1bn in AUM

ETF provider iShares has announced that its Euro Corporate Bond fund has surpassed €1bn (£791m) in assets under management.

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The iShares Euro Corporate Bond fund is the fifth iShares ETF to reach this milestone. The fund, which tracks the Markit iBoxx Euro Liquid Corporates Index, invests in euro-denominated investment-grade bonds across a range of sectors.

Alex Claringbull, senior fixed income portfolio manager at iShares, said it showed investors had recognised the ETF as a cost-effective way of gaining exposure to the market.

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