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SPDR ETF launches emerging market bond ETF

SPDR-ETF has launched an emerging market bond ETF on Xetra and the Frankfurt Stock Exchange.

State Street writes that the SPDR Bloomberg Barclays Emerging Markets Local Bond UCITS ETF (Acc) gives investors access to liquid government bonds issued by emerging markets in their local currency.
The benchmark index is the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index which contains both investment-grade bonds and bonds with a lower credit rating. The index components can have a fixed or variable interest rate. Ongoing charges are 0.55 per cent with an accumulating distribution policy.

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