MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 13, 2011 BlackRock Floats a New iShares Idea BlackRock [see profile] plans to launch a new ETF that tracks bonds with variable coupon rates. On Monday the asset management giant filed to create the iShares Floating Rate Note Fund, pending SEC approval [see filing]. A spokeswoman for BlackRock declined to comment for this story, citing the required quiet period surrounding the filing. iShares has not yet proposed an expense ratio for the ETF, but it would track the Barclays Capital US Floating Rate Note < 5 Years Index (which includes U.S. dollar-denominated, investment grade floating-rate notes). Scott Radell and Lee Sterne will PM the ETF. SEI will handle distribution, State Street will serve as administrator, custodian and transfer agent and Willkie Farr & Gallagher will provide counsel. iShares has not yet named an independent accounting firm for the proposed ETF. Printed from: MFWire.com/story.asp?s=36535 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |