SSGA launches new corporate bonds ETF on Xetra
State Street Global Advisors (SSGA) has launched a new ESG-focused corporate bonds SPDR Exchange Traded Fund focused on Xetra and Börse Frankfurt.
The SPDR Bloomberg SASB US Corporate ESG UCITS ETF provides investors with access to fixed income, US dollar-denominated, investment-grade corporate bonds, which generally have an ESG rating. Companies associated with environmental disasters, weapons, thermal coal mining, tobacco or violations of the United Nations Global Compact are excluded.
In addition to a remaining term of at least one year, the bonds must have an outstanding minimum volume of EUR300 million.