The company's largest-ever bond sale comes amid record earnings in the last quarter, a strong current-period sales forecast, and cash reserves near an all-time high.
The $1.1 trillion money manager leans in to duration and higher ratings in credit, indicating a belief that interest rates won't rise substantially anytime soon.
The indexes are designed to not only help investors access the new asset class but also will mitigate some of the risks associated with "this traditionally speculative market."
