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State Street launches two new fixed income ETFs

SPDR Barclays Capital Short Term International Treasury Bond ETF & SPDR Barclays Capital Mortgage Backed Bond ETF

State Street Global Advisors, the investment management arm of US-based State Street, has launched the SPDR Barclays Capital Short Term International Treasury Bond ETF and the SPDR Barclays Capital Mortgage Backed Bond ETF.

State Street Global Advisors has said that the two new SPDR exchange traded funds are designed to provide investors with cost-efficient exposure to precise segments of the fixed income market.

The SPDR Barclays Capital Short Term International Treasury Bond ETF is designed to track the price and yield performance of the Barclays Capital one to three Year Global Treasury ex-U.S. Capped Index.

The SPDR Barclays Capital Mortgage Backed Bond ETF is designed to track the price and yield of the Barclays Capital U.S. MBS Index. The MBS Index measures the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market.

James Ross, senior managing director at State Street Global Advisors, said: Offering exposure to one- to three-year international treasuries, the SPDR Barclays Capital Short Term International Treasury Bond ETF expands our offerings in the burgeoning international bond category and provides investors with a new tool to add non-U.S. fixed income exposure to their portfolios, benefit from favourable interest rates overseas and express a view on the U.S. dollar.