Blackrock launches two cash ETFs in Australia

Jun 7th, 2017 | By | Category: Fixed Income

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BlackRock has launched two new cash ETFs for Australian investors on the ASX. The iShares Core Cash ETF (BILL) and the iShares Enhanced Cash ETF (ISEC) are designed to offer exposure to a diversified portfolio of money market and short-term fixed rate Australian dollar securities.

Blackrock launches two cash ETFs in Australia

Through its iShares platform, BlackRock now offers 80 ETFs to Australian investors.

BILL tracks the S&P/ASX Bank Bill Index. The fund includes highly liquid, short-term money market instruments and only includes instruments that can be sold on a same day basis. The fund distributes income monthly and is rebalanced daily.

As of 6 June, the weighted average yield-to-maturity was 1.72% and the weighted average maturity was 0.15 years.

ISEC aims to outperform the S&P/ASX Bank Bill Index. The fund invests in higher-yielding, high-quality short-term money market instruments including floating notes. The fund also distributes income on a monthly basis and is rebalanced daily.

As of 6 June, the weighted average yield-to-maturity was 2.07% and the weighted average maturity was 0.83 years.

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