SSGA to launch global aggregate bond ETF

TER of 0.10%

State Street Global Advisors is set to expand its fixed income ETF range with the launch of the SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF.

Launching on 29 January, the ETF will track the Bloomberg Barclays Global Aggregate Bond index and has a total expense ratio (TER) of 0.10%. The index offers exposure to 24 local currency markets, treasuries and corporate and securitised fixed-rate bonds with 38.5% in the US, 22.8% in Europe and 16.9% in Japan. Rebalancing every month, the index is made up of entirely investment grade or higher with 40% in Aaa securities, 16% in Aa, 27% in A and 17% in Baa. SSGA's Lesne on why the skill of ETF portfolio managers is critical to tracking benchmarks accurately The firm will also of...