State Street ETF Press Releases

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State Street Global Advisors Enhances Fixed Income SPDR® Suite With Emerging Markets USD Bond ETF


State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC). The fund was developed to provide exposure to US dollar-denominated debt issued by sovereign and quasi-sovereign emerging market issuers. EMHC may provide investors with an attractive source of income and diversification benefits due to emerging markets debt’s low historical correlation to other global bond sectors.1

“With yields relatively low across US bond markets, investors are increasingly looking elsewhere to generate income,” said Sue Thompson, head of SPDR Americas Distribution at State Street Global Advisors. “Emerging market debt has seen solid growth over the last decade, however, we believe many investors may be under-allocated to this asset class. EMHC provides a convenient and cost-effective means to access emerging market debt while guarding against short-term fluctuations in the dollar.”

The SPDR Bloomberg Barclays Emerging Markets USD Bond ETF seeks to track the Bloomberg Barclays Emerging USD Bond Core Index. This index measures the performance of fixed-rate US dollar-denominated debt issued by sovereign and quasi-sovereign (government owned and government guaranteed) emerging market issuers. It includes bonds with a minimum par outstanding amount of $500 million, a remaining maturity of at least two years and an original maturity of greater than five years. Bonds rated Caa3/CCC-/CCC- or lower or Aa3/AA-/AA- or higher by any of Moody’s Investors Service, Inc., Standard & Poor’s Financial Services, LLC and Fitch Inc., respectively, are excluded from the Index.

“The SPDR Bloomberg Barclays Emerging Markets USD Bond ETF complements our existing lineup of emerging market debt ETFs, which includes the SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and the actively managed, SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL),” said Noel Archard, global head of SPDR product at State Street Global Advisors. “EMHC meets demand from clients who are attracted to the benefits of emerging market debt but concerned about the potential impact of local currency depreciation.”

For more information on the SPDR ETF suite, visit www.ssga.com/etfs.

 

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are sponsored by affiliates of State Street Global Advisors. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy. For more information, visit www.ssga.com/etfs.

About State Street Global Advisors

For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third-largest asset manager with US $3.47 trillion* under our care.

*This figure is presented as of December 31, 2020 and includes approximately $75.17 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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