State Street Global Advisors launches new global bond market SPDR-ETF on Xetra
State Street Global Advisors has launched a new ETF focused on the global bond market on Xetra and Börse Frankfurt.
The objective of the SPDR Bloomberg Barclays Global Aggregate Bond USD Hdg UCITS ETF (Acc) is to replicate the performance of the global fixed income markets with investment grade ratings by investing in government and corporate bonds and asset-backed securities (ABS). These are securities whose value and income payments are derived from a specific portfolio of underlying securities and which are thus covered.
The benchmark index is the Bloomberg Barclays Global Aggregate Bond Index, which covers securities from industrialised and emerging countries. To counter currency fluctuations, the index is hedged against the US dollar.