State Street unveils liquid fixed income ETF

State Street Global Advisors (SSGA) has launched a global bond ETF, saying the fund is a liquid solution for European investors facing low yields.

The SPDR Barclays Global Aggregate Ucits ETF covers 94% of the investible fixed income universe and is available unhedged on the Xetra exchange. It will also be launched on the London Stock Exchange on January 30 and on Borsa Italiana later this year and the firm is to make share classes hedged to US dollar, euro, sterling and the Swiss franc available. 

Stephen Yeats, a regional head of fixed income beta solutions for SSGA, said the “extremely low yields in European bond markets make it compelling for European investors to seek a broader universe of yield dynamics outside their local region”.

Rory Tobin, global co-head of SSGA’s SPDR business, added that the firm was seeing more investors use the global aggregate bond index in more tactical ways, including to complement more volatile strategies, to transition assets, or as a liquidity sleeve.

SSGA has $2.78 trillion (€2.2 trillion) in assets under management.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

LATEST SURVEY

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST