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State Street Rolls Out Fixed Income ETFs

(Cont...)

The index is designed to measure the performance of U.S. dollar-denominated emerging market corporate senior and secured debt publicly issued in the U.S. domestic market and the Eurobond market. Each security included in the index is denominated in US dollars, is senior or secured debt, has at least one year remaining to final maturity, includes a fixed coupon and has $500 million or more in outstanding face value. The fund’s expense ratio is 0.50%.

“The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF provides investors with an opportunity to tap into the growth potential of emerging markets while minimizing exposure to emerging market currencies,” said Ross. “As fixed-income portfolio diversification becomes a higher priority for investors, interest in emerging market bond exposure is increasing.”

 

Jay Polansky
editors@plansponsor.com

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