SSGA launches US and European ESG bond ETFs

Bloomberg SASB indices

State Street Global Advisors has launched two ESG fixed income ETFs, offering investors access to European and US investment grade credit.

The SPDR Bloomberg SASB Euro Corporate ESG UCITS ETF (SPPR GY) is available from today (19 October), while the SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU GY) will launch on 26 October. Both funds will be available to investors for a total expense ratio of 0.15%. State Street launches new SPDR world value ETF SPPR GY and SPPU GY seek to provide investors total return, incorporating both capital and income returns, and will track the euro and US iterations of the Bloomberg SASB Corporate ESG Ex-Controversies Select indices. The indices utilise an exclusionary screen, begi...