SPDR launches new fixed income ETF

SPDR ETFs, the exchange traded fund (ETF) platform of State Street Global Advisors (SSgA), has registered a new fixed income ETF for sale in the UK.

The SPDR Barclays Capital 1-3 Year Euro Government Bond ETF, listed on the Deutsche Borse, invests in short maturity European government bonds. 

It tracks the Barclays Capital 1 - 3 Year Euro Treasury Bond index which consists of around 75 fixed-rate, investment-grade public obligations of participating countries in the European Monetary Union.

Only investment grade bonds issued in euro or legacy euro currencies with a maturity between one and three years are included.

The latest SPDR ETF continues SSgA's focus on offering physically managed fixed income allocation ETFs for investors.

"With a strong focus on liquidity and transparency, investors are increasingly drawn to ETFs and growth in this market continues at a strong pace," said head of intermediary business for northern Europe at SSgA Eleanor Hope-Bell.

"SPDR remains committed to offering investors core building blocks in which they can build long-term strategic portfolios."

SPDR now has 30 ETFs listed on European exchanges.