UK - iShares is offering fixed income ex-financials funds in its latest range of nine ETFs to be launched on the London Stock Exchange on Monday.
The range consists of four fixed income ETFs tracking corporate bond indices and five accumulating versions of its existing funds tracking core equity benchmarks.
The fixed income offering comprises the iShares Barclays Euro Corporate Bond ex-Financials, the Barclays Euro Corporate Bond ex-Financials 1-5, the Barclays Euro Corporate Bond 1-5 and the iBoxx Corporate Bond ex-Financials.
iShares head of sales strategy Europe Nizam Hamid said: "The key focus in our latest issue is the ability to play the credit market, without the risk inherent in financials."
He explained that corporate bonds tend to have a very high exposure to financials, yet investors are seeking a targeted exposure to access a more recovery-orientated play on the corporate bond market.
He added: "Our ex-financials fixed income funds are fairly unique - there are no other equivalent products in the market."
The latest launch bolsters iShares' fixed income ETF offering to 40 funds in Europe, which the provider says is the largest range in the market. The funds have fees of 0.20%.
iShares has also unveiled five accumulating ETFs, providing an alternative to the existing offering of funds tracking the MSCI Emerging Markets, S&P 500, MSCI World, MSCI Europe and MSCI Japan.
While the existing funds are available in distributing form, which pay investors dividend income periodically, the accumulating versions automatically reinvest any dividend income back into the fund.
Hamid said: "From a continental European perspective, there has been great demand for accumulating funds - they're easier for investors to manage, rather than receive dividends and have to reinvest them."
The range of ETFs will be cross-listed in Europe in subsequent months.
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