SSGA launches US long corporate and Tips ETFs
State Street Global Advisors has launched two ETFs on Deutsche Börse Xetra that offer exposure to US long corporate bonds, and US inflation linked treasuries.
The SPDR Barclays U.S. TIPS UCITS ETF tracks the performance of Treasury Inflation Protected Securities (Tips), which offers hedging against inflation.
The SPDR Barclays 10+ Year U.S. Corporate Bond UCITS ETF looks to credit spreads at the long end of the yield curve, where higher sensitivity to interest rate changes – duration – offers the possibility of making returns on lower liquidity premia.
Alexis Marinof, EMEA head of SPDR ETFs said: “These launches reflect our continued commitment to offer investors precise fixed income solutions that suit not only the current economic environment, but also allow them to take a view on potential market developments in the future.”
““We are delighted to be able to offer investors the SPDR Barclays U.S. TIPS UCITS ETF in a Ucits vehicle. We have been managing the same exposure in the US since 2007 in an ETF format and since the mid-1990s for global institutional investors. The launch of the SPDR Barclays 10+ Year U.S. Corporate Bond UCITS ETF means we are the only ETF provider offering long maturity US corporate exposure.”
The corporate bond fund is available in Germany, France, Italy, Spain, Luxembourg, Sweden, Finland, Norway, Denmark, Austria and Netherlands.
| Name | Ticker code – Deutsche Börse Xetra | ISIN |
| SPDR Barclays US TIPS UCITS ETF | Ticker: SYBY GY | IE00BZ0G8977 |
| SPDR Barclays 10+ Year US Corporate Bond UCITS ETF | Ticker: SYBN GY | IE00BZ0G8860 |
