State Street Global Advisors (SSGA) has announced the launch of the SPDR Barclays 3–5 Year Euro Government Bond Ucits ETF, which listed on the Deutsche Börse, Xetra.
The new ETF adds to SSGA’s existing range of European Government bond ETFs including the short maturity SPDR Barclays 1-3 Year Euro Government Bond Ucits ETF and the all-maturities SPDR Barclays Euro Government Bond Ucits ETF. All three SPDR ETFs allow investors to adjust the duration of their European Government bond exposures.
Alexis Marinof, head of SPDR ETFs, EMEA commented, “In the current low yield environment investors have told us they want greater flexibility to adjust their position on the yield curve. This three to five year exposure gives investors access to a steeper segment of the yield curve, while still maintaining a relatively short maturity exposure.”
There are now 61 SPDR ETFs available across Europe. This follows the launch of the SPDR BofA Merrill Lynch 0–5 Year EM USD Government Bond Ucits ETF which commenced trading on the London Stock Exchange and Deutsche Börse in November.