ICE Data Services Selected as the New Benchmark for Four Blackrock iShares Fixed Income ETFS
ATLANTA & NEW YORK–(BUSINESS WIRE)– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services has been selected as the new benchmark provider for four of BlackRock’s iShares® U.S. bond exchange traded funds (ETFs), and the transition was completed on August 1. The four funds currently represent $18.9bn in AUM:
Fund name
Ticker
Index
Expense ratio
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
ICE BofAML US Corporate Index
0.06%
iShares Short-Term Corporate Bond ETF
IGSB
ICE BofAML 1-5 Year US Corporate Index
0.06%
iShares Intermediate-Term Corporate Bond ETF
IGIB
ICE BofAML 5-10 Year US Corporate Index
0.06%
iShares Long-Term Corporate Bond ETF
IGLB
ICE BofAML 10+ Year US Corporate Index
0.06%
These four ETFs are benchmarked to ICE Data Indices, a comprehensive family of more than 5,000 global fixed income, currency and commodity indexes that leverage ICE Data Services’ trusted pricing, reference data and analytics solutions.
“As investors have expressed a desire for more focused corporate exposure, these index changes will ensure we offer the right ETFs for our clients’ evolving needs,” said Heather Brownlie, Head of U.S. iShares Fixed Income at BlackRock. “We’re pleased to work with ICE as the new benchmark index provider for these ETFs. With its proven expertise in index design and calculation services, and the high quality of its underlying data and analytics, ICE Data Indices were a natural choice for these funds.”
Lynn Martin, ICE Data Services President and COO
“BlackRock iShares is a leader in ETF issuance and we’re excited to have been selected as the index provider for these funds,” said Lynn Martin, President and Chief Operating Officer of ICE Data Services. “As the trend towards indexation continues to grow, our innovative and flexible index services offer a wide range of indices and customized solutions to meet the evolving needs of our customers.”
ICE Data Services’ multi-asset class index solution supports all aspects of the benchmarking and performance measurement process. It provides benchmark and bespoke indices on an integrated platform that drives efficient workflows across asset management, benchmarking and reporting.
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