FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
IndustryExchange Traded Fund
SectorFinancial Services Etf
ExchangeNYSE
Market Capitalization2,575.16 mln
Business Description
This fund tracks a group of U.S. government bonds designed to protect investors from inflation, known as TIPS. The selected bonds are chosen to maintain an average duration of roughly three years, meaning they carry relatively low sensitivity to interest rate changes. At least 80% of the fund's assets are held in these bonds under normal conditions.