Barclays Lehman Deal Creates Conflict for iShares

The Financial Times’ Sophia Grene reported that a conflict will result from the pending acquisition of Lehman Brothers’ US Banking operation by Barclays Global Investors (BGI).

In the story BGI iShares affected by Lehman acquisition, Grene notes that BGI’s iShares division runs $40bn of ETFs based on Lehman indices. BGI will either have to get a special exemption or suspend those particular ETFs due to US rules that say that an ETF may not track an index owned by the asset manager or its parent.

iShares ETFs based on Lehman indices include:

  • Lehman Aggregate Bond Fund (AGG)
  • Lehman 1-3 Year Treasury Bond Fund (SHY)
  • Lehman TIPS Bond Fund (TIP)
  • Lehman 7-10 Year Treasury Bond Fund (IEF)
  • Lehman 20+ Year Treasury Bond Fund (TLT)
  • Lehman Short Treasury Bond Fund (SHV)
  • Lehman MBS Bond Fund (MBB)
  • Lehman 1-3 Year Credit Bond Fund (CSJ)
  • Lehman Intermediate Credit Bond Fund (CIU)
  • Lehman Intermediate Government/Credit Bond Fund (GVI)
  • Lehman 10-20 Year Treasury Bond Fund (TLH)
  • Lehman Credit Bond Fund (CFT)
  • Lehman Government/Credit Bond Fund (GBF)
  • Lehman 3-7 Year Treasury Bond Fund (IEI)

A complete list of iShares ETFs and Fixed Income ETFs is available in the ETF Directory at ETF MarketPro.

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