Level of Complexity: Intermediate
The world and financial markets have changed dramatically since the financial crisis. One area of change that investors may not have considered is the composition of the universal benchmark for investment grade fixed income, the Bloomberg Barclays U.S. Aggregate Index. As government issuance and corporate issuance have grown at an unprecedented pace, the impacts to the Index and the implications for investors must be considered. During this presentation, we’ll review the changes in the composition to the Index and the potential impact to investors.