Prior to the financial crisis, Industrials represented less than 50% of the Bloomberg Barclays Investment Grade Corporate Bond Index. Today, Industrials’ share is above 60%. This increase has tightly, though not precisely, tracked the increase of BBB securities in the index.
Bloomberg Barclays Investment Grade Corporate Bond Index measures the investment grade, fixed-rate, taxable corporate bond market. It includes USD-denominated securities publicly issued by US and non-US industrial, utility and financial issuers. Investments cannot be made in an index.