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Products May 20, 2010
SSgA Unveils International Corporate Bond ETF
May 20, 2010 (PLANSPONSOR.com) – State Street Global Advisors launched the SPDR Barclays Capital International Corporate Bond ETF (Symbol: IBND) on the NYSE Arca on Thursday.
Reported by
Fred Schneyer
A State Street news release said the annual expense ratio of the new offering is 0.55%.
Designed to provide investors with cost-efficient exposure to investment-grade corporate bonds outside of the U.S., the SPDR Barclays Capital International Corporate Bond ETF seeks to track the performance of the Barclays Capital Global Aggregate ex-USD > $1 billion Aggregate Bond Index.
The Index includes Euro-Dollar and Euro-Yen corporate bonds, Canadian government, agency, and corporate securities that have a minimum of $1 billion market capitalization and at least one year remaining to maturity, according to the announcement.