Profile
Assets class:
EquityAssets under management:
$15 BAverage volume:
$1 MDomicile:
USExpense ratio:
0.15%Inception date:
11 January 2007Website:
http://www.ishares.comLast dividends:
01 August 2024Next dividends:
N/ATop countries
Dividend yield TTM
IEI Latest News
The market is re-pricing timing and number of rate cuts in 2024 due to higher-than-expected inflation. The market initially priced in rate cuts for early 2024, but stronger economic data and continued inflation concerns have shifted expectations. IEI provides exposure to the intermediate portion of the yield curve, tracking U.S. Treasury bonds with maturities between three and seven years. It offers liquidity and helps with portfolio construction.
IEI has seen a recovery in price due to expectations of rate cuts by the Fed. Concerns remain about inflation, which is still above policy levels, and the Fed may keep rates higher for longer as financial conditions are still loose. The optimism in markets may be met with the realization that inflationary factors will keep inflation higher than the target, and we believe disappointments are coming.
This rally is different. Stocks are rallying this time as credit spreads are widening.
September saw declines in the S&P 500, Nasdaq 100, and small caps, as well as a decline in foreign stocks. The US Dollar ETF rallied, long-term Treasury yields rose, and oil prices increased, posing a triple threat to the bull market. Q3 GDP growth in the U.S. remains strong, but concerns arise as Q3 S&P 500 earnings are expected to be flat.
The iShares 20+ Year Treasury Bond ETF TLT, which has lost 7.8% this month through Tuesday on a total return basis, attracted $357 million from investors on Tuesday, according to FactSet data. That was its biggest daily inflow since Sept.
With the market pricing in rate cuts at the front end, despite the Fed reinforcing its commitment to price stability, short-term USTs could be vulnerable to a steep repricing. Meanwhile, the long end could also be pressured by more QT and a reversal of the inverted UST rate curve.
What is IEI ETF?
The index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the index.
What is IEI assets class?
Assets class of IEI ETF is 'Equity'
What is IEI assets under management?
Assets under management of IEI ETF is $15 B
What is IEI average volume?
Average volume of IEI ETF is $1 M
What is IEI domicile?
Domicile of IEI ETF is US
What is IEI expense ratio?
Expense ratio of IEI ETF is 0.15%
What is IEI inception date?
Inception date of IEI ETF is 11 January 2007
What is IEI website?
Website of IEI ETF is https://www.ishares.com/us/products/239455/