Investing in fixed income indices gains traction

The world’s first bond index fund was launched in 1973 by Lehman Brothers, offering individual investors an alternative to over the counter (OTC) bond transactions and actively managed fund investments. In 2002, iShares launched the first fixed income exchange traded funds (ETF), namely the iShares iBoxx $ Investment Grade Corporate Bond ETF and the iShares 20+ Year Treasury Bond ETF.