iShares makes index change to two fixed income ETFs
iShares has changed the underlying indices for two of its fixed income exchange-traded funds trading on the NYSE Arca.
The iShares Core Short-Term US Bond ETF (ISTB) and the iShares Core Long-Term US Bond ETF (ILTB) will change indices as of 3 June 2014.
ISTB's new index will be the Barclays US 1-5yr Universal Index and ILTB's new index will be Barclays US 10-yr Universal Index.
The changes are being implemented in order to expand the funds' diversification.
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