State Street Global Advisors (SSGA) has cross-listed 13 core exposure fixed income SPDR exchange traded funds (ETFs) on Borsa Italiana.
The mover will allow investors greater flexibility when selecting which segment of the yield curve to hold, which can have a notable impact on portfolio returns, the ETF provider, with $539bn in global ETF assets under management (AUM), and $18.57bn in ETF AUM in EMEA as at September 2016, said.
“In a lower-for-longer environment, investor appetite for fixed income remains, but the need for yield persists. Investors are increasingly looking at their options across the yield curve to address their investment objectives. In addition, regulatory requirements continue to drive cost pressures,” Francesco Lomartire, head of SPDR ETFs in Italy, said.
Against this backdrop, investors understandably remain focused on seeking ways to make their portfolios as efficient as possible, and low cost, easy-to-use ETFs are the natural choice with fixed income ETFs/ETPs gathering a record level of $124 billion in assets in 2016 globally,” Lomartire added.