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Products May 29, 2007
SSgA Announces Five ETFS
May 28, 2007 (PLANSPONSOR.com) - State Street Global
Advisors (SSgA) has announced five new fixed income SPDRs
exchange-traded funds (ETFs) that will begin trading on the
American Stock Exchange on Wednesday.
Reported by Fred Schneyer
According to a State Street news release, the five new SPDRs are:
- The Lehman Brothers 1-3 Month U.S. Treasury Bill Index, which includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than three months and more than one month, are rated investment grade, and have $250 million or more of outstanding face value. Expense Ratio: 0.13%.
- The Barclays US Government Inflation-Linked Index, which includes publicly issued, U.S. Treasury inflation protected securities that have at least one year remaining to maturity on index rebalancing date, with an issue size equal to or exceeding $500 million. Expense Ratio: 0.18%.
- The Lehman Brothers U.S. Aggregate Index, which provides a measure of the performance of the U.S. dollar denominated investment grade bond market. Expense Ratio: 0.13%.
- The Lehman Brothers Intermediate U.S. Treasury Index, which includes all publicly issued U.S. Treasury securities that have a remaining maturity of greater than or equal to one year and less than 10 years, are rated investment grade, and have $250 million or more of outstanding face value. Expense Ratio: 0.13%.
- The Lehman Brothers Long U.S. Treasury Index, which includes all publicly issued, U.S. Treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more in outstanding face value. Expense Ratio: 0.13%.
More information is at www.ssga.com .