State Street Global Advisors (SPDR ETF) announced today that it has added three new Euro Corporate Bond ETFs on London Stock Exchange
By ETFWorld.co.uk
Rory Tobin Head Global SPDR ETF Business & Chairman SSGA EMEA
SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Dist)
The objective of the Fund is to track the performance of the short-dated, fixed-rate, investment-grade Euro-denominated corporate bond market.
Index Description
The Bloomberg EUR Corporate 0-3 Year Index (GBP Hedged) represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the Bloomberg EUR Corporate 0-3 Year Index, to GBP. The index is 100% hedged to the GBP by selling the forwards of all the currencies in the parent index at the one-month Forward rate. The parent index is composed of corporate bonds that have a remaining maturity of greater than 0 month and less than 3 years.
| Product Name | SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Dist) |
| ISIN | IE0005HG1US8 |
| SEDOL | BMWC870 |
| Issuer | State Street Global Advisors Europe Limited |
| Trading Currency | GBP |
| Underlying | Bloomberg EUR Corporate 0-3 Year Index (GBP Hedged) |
| Management Fee | 0.25% |
SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Dist)
The objective of the Fund is to track the performance of the short-dated, fixed-rate, investment-grade Euro-denominated corporate bond market.
Index Description
The Bloomberg EUR Corporate 0-3 Year Index (USD Hedged) represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the Bloomberg EUR Corporate 0-3 Year Index, to USD. The index is 100% hedged to the USD by selling the forwards of all the currencies in the parent index at the one-month Forward rate. The parent index is composed of corporate bonds that have a remaining maturity of greater than 0 month and less than 3 years.
| Product Name | SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Dist) |
| ISIN | IE000CLH1Z98 |
| SEDOL | BN71LZ8 |
| Issuer | State Street Global Advisors Europe Limited |
| Trading Currency | USD |
| Underlying | Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged) |
| Management Fee | 0.25% |
SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Acc)
The objective of the Fund is to track the performance of the short-dated, fixed-rate, investment-grade Euro-denominated corporate bond market.
Index Description
The Bloomberg EUR Corporate 0-3 Year Index (USD Hedged) represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the Bloomberg EUR Corporate 0-3 Year Index, to USD. The index is 100% hedged to the USD by selling the forwards of all the currencies in the parent index at the one-month Forward rate. The parent index is composed of corporate bonds that have a remaining maturity of greater than 0 month and less than 3 years.
| Product Name | SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Acc) |
| ISIN | IE000P4KWPY3 |
| SEDOL | BN71M00 |
| Issuer | State Street Global Advisors Europe Limited |
| Trading Currency | USD |
| Underlying | Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged) |
| Management Fee | 0.25% |
Source: ETFWorld.co.uk
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