Extending credit

Exchange-traded funds

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Imagine being able to purchase a basket of bonds with the same ease as buying a company’s shares. Thanks to exchange-traded funds – funds that allow investors, both institutional and retail, to buy the fixed-income market, or portions of it, in one transaction index – fund managers can now do so.

Launched last year, ETFs aim to promote active management of fixed-income parts of the portfolio. They are bought and sold like shares on a stock exchange and are designed to track the perform

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