SPDR Launches US Bond ETFs

The funds cover US Treasuries and corporate bonds with fees between 0.17% and 0.20%

Editor, etf.com Europe
Reviewed by: Rachael Revesz
Edited by: Rachael Revesz

State Street Global Advisors has launched two exchange traded funds (ETFs) which cover both the U.S. sovereign and corporate bond sectors in a bid to expand its fixed income range.

The SPDR Barclays U.S. TIPS UCITS ETF (ticker SYBY) tracks inflation-linked U.S government bonds and has annual fees of 0.17 percent. The SPDR Barclays 10+ Year U.S. Corporate Bond UCITS ETF (SYBN) replicates an index of longer-dated debt issued by companies and costs 0.20 percent. It mostly tracks bonds from industrial and utility companies.

Alexis Marinof, EMEA head of SPDR ETFs said in a statement: “Global monetary policy continues to drive sentiment and asset class performance. These launches reflect our continued commitment to offer investors precise fixed income solutions that suit not only the current economic environment, but also allow them to take a view on potential market developments in the future.”

This week the provider also brought to market a Japanese equity ETF (ticker ZPDJ) and its euro-hedged counterpart (ticker ZPDW) for 0.30 percent and 0.35 percent respectively.

Rachael Revesz joined etf.com in August 2013 as staff writer. Previously an investment reporter at Citywire, she has a background in writing content for retail financial advisors and has covered a wide range of subjects in finance. Revesz studied journalism at PMA Media, which has since merged with the Press Association. She also holds a B.A. in modern languages from Durham University, as well as CF1 and CF2 financial planning certificates from the CII.