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State Street Plans Int’l Corporate Bond ETF
March 08, 2010 4:55 am
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State Street Global Advisors, the world’s second-biggest ETF firm, filed with the Securities and Exchange Commission to launch an international investment-grade corporate bond ETF, the first of its kind in a growing array of fixed-income ETFs. The SPDR Barclays Capital International Corporate Bond ETF will be listed on NYSEArca, and will trade under the symbol “IBND,” the Boston-based company said in the filing, dated March 5. IBND will be based on the Barclays Capital Global Aggregate ex-USD >$1B: Corporate Bond Index. The fixed-income portion of the ETF world has been growing recently as investors seek securities with attractive yields, increasingly outside the The ETF employs a sampling strategy that doesn’t require it to buy all the securities in the underlying index At least 80 percent of the securities in the fund will have to be part of the index or judged to be similar. But under normal market conditions, all the securities the ETF holds are likely to reflect the index, the filing said. IBND will also be allowed to invest in securities that aren’t included in the index, such as futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments. State Street didn’t disclose the ETF’s annual expense fee. |
Inside ETFs: A Reality Check
The Inside ETFs conference last month was a great opportunity for an ETF analyst like me to escape my ivory tower.Summing Sector SPDRS = SPY?
You’d think owning the nine sector SPDRs in proportion to their weightings in the S&P 500 is a way to recreate SPY. But you’d be wrong.-
February 08, 2012
Round Two: Pimco Vs. BlackRock It looks like Pimco and BlackRock are at odds again—this time it’s over QE3. -
February 06, 2012
iShares Plans Multi-Asset Fund-Of-Funds ETF iShares puts a fund-of-funds ETF into registration that would own stocks, bonds, REITs and preferreds. -
February 01, 2012
Van Eck Plans Slew Of Corporate Bond ETFs Van Eck plans six corporate bond funds that aim to serve up extra yield in a yield-starved world. -
February 01, 2012
Deutsche Bank Wants To Market Active ETFs Deutsche files for permission to market active ETFs—first would be a bond fund. -
January 31, 2012
iShares Plans 2 Emerging Corporates ETFs iShares plans two emerging markets corporate bond funds, including one focused on junk.
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