Three new exchange-listed bond index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra since Wednesday.
ETF name: SPDR Barclays 0-3 Year Euro Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZW19
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year Euro Corporate Bond Index
ETF name: SPDR Barclays 0-3 Year US Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZX26
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year US Corporate Bond Index
ETF name: SPDR Barclays 1-3 Year U.S. Treasury Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZJ81
Total expense ratio: 0.15 percent
Distribution policy: distributing
Benchmark: Barclays Capital US Treasury 1-3 Year Index
The first two SPDR ETFs enable investors to participate in the performance of corporate bonds from issuers in the industrial, utilities and financial sectors with a residual maturity of less than three years. The criterion for including bonds in the index is their denomination in euros or US dollars, and not the country in which the issuer is based. In addition, only investment-grade bonds with a fixed coupon are selected. All bonds remain in the index until maturity.
The SPDR Barclays 1-3 Year U.S. Treasury Bond UCITS ETF gives investors access to government bonds denominated in US dollars, issued by the US Treasury, and with a residual maturity of at least one year but less than three years.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,003 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
