Invesco Investment Grade Defensive ETF (IIGD) — ()
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Tap Into IG Corporate Debt Perks With This ETF
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Sentiment: Neutral ()
April's bout of volatility stung major gauges of investment-grade corporate bonds. However, some market observers believe recent weakness could represent a buying opportunity with high-quality corporate debt.
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About Invesco Investment Grade Defensive ETF IIGD
The Invesco Investment Grade Defensive ETF (Fund) is based on the Invesco Investment Grade Defensive Index (Index). The Fund generally will invest at least 80% of its total assets in securities that comprise the Index, which is designed to provide exposure to U.S. investment grade bonds with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality score, which is calculated based on the bond’s maturity and credit rating. The Fund does not purchase all the securities in the Index; instead, it utilizes a “sampling” methodology to seek to achieve its investment objective. The Fund and the index are rebalanced monthly.