State Street Debuts Two New Emerging Markets ETFs
February 25, 2011 at 10:00 AM EST
State Street rolled out two new ETFs on Thursday, launching products offering exposure to emerging markets equities and fixed income securities. The SPDR Barclays Capital Emerging Markets Local Bond ETF (EBND) will seek to replicate a benchmark consisting of fixed-rate local currency sovereign debt of emerging market countries, while the SPDR S&P Emerging Markets Dividend ETF (EDIV) is linked to a benchmark made up of dividend-paying emerging markets stocks. “Against a backdrop of historically low Treasury yields, demand for precise exposure to innovative debt and dividend instruments is climbing,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “The launch of the SPDR S&P Emerging Markets Dividend ETF and SPDR Barclays Capital Emerging Markets Local Bond ETF helps to underscore the evolution of views on diversification – investors no longer see emerging markets [...] Click here to read the original article on ETFdb.com. Related Posts: Emerging Market ETFs: Seven Factors Every Investor Should Consider Going Beyond EEM: Rounding Out Emerging Markets Exposure With ETFs State Street Planning Emerging Markets Local Bond ETF (EBND) August ETF Data: Reversing Course WisdomTree Launches Active Emerging Markets Debt ETF (ELD)