In recent weeks, there hasn’t been a hotter market than fixed income, most notably treasuries. So it’s no surprise that the two newest product launches from Barclays’ iShares are both international treasury ETFs. The two new funds, the S&P/Citigroup International Treasury Fund (IGOV) and the S&P/Citigroup 1-3 Year International Treasury Bond Fund (ISHG) began trading in late January, with very light volume.
As expected, all of characteristics of these two funds, except for the average maturity are almost identical. The country allocation for both of the funds are very similar with exposure of 25% to Japan, 10% to Germany, 8% to Italy, and 7% to France. The credit rating exposures for both funds are 53% AAA, 5% AA+, and 25% AA. As for the expense ratios for these new ETFs, they are both listed at 35 basis points.
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