State Street lists fixed income ETFs on London Stock Exchange
SPDR ETFs, the exchange traded funds platform of State Street Global Advisors, has listed four new physically backed UK fixed-income ETFs on the London Stock Exchange.
The new SPDR ETFs, which were also listed in Germany last week, are: SPDR Barclays Capital Sterling Corporate Bond ETF, SPDR Barclays Capital UK Gilt ETF, SPDR Barclays Capital 1-5 Year Gilt ETF and SPDR Barclays Capital 15+ Year Gilt ETF.
SPDR ETFs has brought 28 new ETFs to Europe over the last 12 months. The Sterling Fixed Income SPDR ETFs are key UK benchmarks that investors can use as building blocks for a diversified fixed-income portfolio.
Eleanor Hope-Bell, head of intermediary sales UK at SSgA, said: “Today’s new listings offer investors exposure to core UK fixed-income benchmarks using SPDR ETFs. By virtue of trading on exchanges and their subsequent relative pricing transparency and liquidity, our new fixed-income SPDR ETFs can be used to adjust portfolios quickly in response to inflation, interest rates and shifts in the economy overall.”
SSgA manages more than $307bn in over 161 ETFs worldwide. This AUM includes the assets of the SPDR Gold Trust, currently worth about $68bn as of March 31, 2012.