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A look inside the Fed's $1.307 billion ETF allocation – 7 iShares ETFs account for 48% of the assets
The Federal Reserve announced on March 23rd that it would purchase corporate bonds for the first time in its 107-year history. The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange traded funds (ETFs) on May 12th.