How does the AGG ETF work?
The AGG ETF, also known as the iShares Core U.S. aggregate Bond ETF, is a fund that aims to track the performance of the Bloomberg Barclays U.S. aggregate Bond Index. This index represents the U.S. investment-grade bond market and includes a diverse range of fixed-income securities, such as government bonds, corporate bonds, and mortgage-backed securities. By investing in AGG, investors can gain exposure to a broad portfolio of bonds, providing potential income and diversification benefits to their investment portfolios.