| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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iShares Launches Emerging Markets Local Currency Bond Fund |
SAN FRANCISCO, CA, Oct 20, 2011 (MARKETWIRE via COMTEX) -- BlackRock, Inc. BLK +2.19% today announced that its iShares(R) Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched the iShares Emerging Markets Local Currency Bond Fund (nyse arca:LEMB) on the NYSE Arca. The new fund provides investors with diversified access to the broad investable universe of local emerging market debt, offering 100% local exposure to bonds denominated in issuers' local currencies.
"Historically, emerging market debt has been a difficult asset class for investors to access directly because of limitations in bond availability, high minimum trade sizes, and foreign investor restrictions," said Matt Tucker, Head of iShares Fixed Income Strategy at BlackRock. "LEMB enables investors to access a broad universe of local sovereign bonds in a flexible format."
Over the last several years, emerging markets have matured and have come to rely increasingly on local currency bonds to finance their deficits. Local currency debt represents approximately 78% of the $1.9 trillion dollars available in emerging market debt today.(1) The new iShares fund offers broad access to the emerging market debt universe with exchange traded liquidity.
Investors may consider local emerging market debt to complement emerging market equity exposure, diversify away from US dollar exposure, or broaden international fixed income portfolios. The iShares JPMorgan USD Emerging Markets Bond Fund (nyse arca:EMB), which was launched in December 2007, currently has $3.1 billion in assets under management and trades on average $44.7 million per day(2). LEMB could serve as a complement to EMB to allow investors exposure to both local currency and US dollar denominated emerging market debt.
The iShares Emerging Market Local Currency Bond Fund is benchmarked to the Barclays Capital Emerging Markets Broad Local Currency Bond Index, a modified market cap weighted index that covers 18 markets and includes the impact of local taxes on international investors. The top 3 country holdings as of 9/30/2011 are South Korea (20.9%), Brazil (13.6%), and Mexico (7.1%).
About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2011, BlackRock's AUM was $3.345 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares(R) (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions(R). Headquartered in New York City, as of June 30, 2011, the firm has approximately 9,700 employees in 26 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com .
About iShares iShares is the global product leader in exchange traded funds with over 460 funds globally across equities, fixed income and commodities, which trade on 19 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.
Carefully consider the funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737) or by visiting www.iShares.com . Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Diversification may not protect against market risk. Index constituents are subject to change.
For the complete article.
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