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A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra since Tuesday.
ETF name: SPDR BofA Merrill Lynch Emerging Markets Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00B7LFXY77
Total expense ratio: 0.50 percent
Distribution policy: distributing
Benchmark: BofA Merrill Lynch Emerging Markets Diversified Corporate ex-144A Index
The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond UCITS ETF enables investors to participate in the performance of emerging market corporate bonds denominated in US dollars for the first time. All bonds admitted to the reference index have an outstanding volume of at least USD 500 million and a residual maturity of at least one year, and must also represent senior and secured corporate debt issued in the US or Europe.
The index currently comprises bonds from companies located in Argentina, Bahrain, Barbados, Brazil, China, Colombia, Costa Rica, Egypt, Hong Kong, Indonesia, Israel, Jamaica, Kazakhstan, Korea, Kuwait, Malaysia, Mexico, Nigeria, Peru, Russia, Saudi Arabia, Singapore, South Africa, Thailand, Trinidad, Turkey, the UAE, Ukraine and Venezuela.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,005 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €12 billion, makes Xetra Europe’s leading trading venue for ETFs.
