SPDR Launches US Bond ETFs
The funds cover US Treasuries and corporate bonds with fees between 0.17% and 0.20%
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.
