IQ Enhanced Core Plus Bond U.S. ETF (AGGP)
IQ Enhanced Core Plus Bond U.S. ETF operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $19.88, down 0.10% on the session, giving a market capitalisation of $23.0M. Its beta of 0.64 implies it has historically moved less than the broad market.
This exchange-traded fund aims to replicate the price and yield results of its benchmark, the IQ Enhanced Core Plus Bond U.S. Index. Operating as a "fund of funds," it typically allocates at least 80% of its net assets—including any capital acquired through borrowing—into the investments comprising its underlying index, which themselves consist of other investment funds. The index's strategy is to surpass the performance of the broader U.S. dollar-denominated taxable fixed income market. It achieves this by employing both short-term and long-term momentum indicators to strategically adjust its holdings across various segments of both the investment-grade and high-yield fixed income securities markets.
IQ Enhanced Core Plus Bond U.S. ETF is most often compared with the following Financial Services names: