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A further exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra® since Monday.
ETF name: SPDR Barclays Capital Euro High Yield Bond ETF
Asset class: bond index ETF
ISIN: IE00B6YX5M31
Total expense ratio: 0.45 percent
Distribution policy: distributing
Benchmark: Barclays Capital Liquidity Screened Euro High Yield Bond Index
The SPDR Barclays Capital Euro High Yield Bond ETF gives investors the opportunity to participate in high-yield corporate bonds denominated in euros from issuers in or outside the euro zone. High-yield bonds have a sub-investment grade rating. These bonds have a higher risk of default, but therefore pay higher yields. They are senior bonds that may be terminated, with residual maturities of at least one year and less than 15 years.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 923 exchange-listed index funds, while average monthly trading volume stands at €16 billion.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
