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.
1
Factset Period: 02/28/2011-02/28/2021. The
Bloomberg Barclays EM USD Sovereign + Quasi-Sovereign Index has a
correlation of 0.47 to the Agg and 0.66 to the Global Agg.
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.
Important Risk Disclosures
This communication is not intended to be an investment
recommendation or investment advice and should not be relied upon
as such.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging
markets.
Bond funds contain interest rate risk (as interest rates rise
bond prices usually fall). There are additional risks for funds
that invest in mortgage-backed and asset-backed securities
including the risk of issuer default; credit risk and inflation
risk.
Non-diversified funds that focus on a relatively small number of
securities tend to be more volatile than diversified funds and the
market as a whole.
Passively managed funds hold a range of securities that, in the
aggregate, approximates the full Index in terms of key risk factors
and other characteristics. This may cause the fund to experience
tracking errors relative to performance of the index.
Standard & Poor’s®, S&P® and SPDR® are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third-party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
BLOOMBERG®, a trademark and service mark of Bloomberg Finance
L.P. and its affiliates, and BARCLAYS®, a trademark and service
mark of Barclays Bank Plc, have each been licensed for use in
connection with the listing and trading of the SPDR Bloomberg
Barclays ETFs.
DoubleLine® is a registered trademark of DoubleLine Capital
LP.
Distributor: State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect wholly owned
subsidiary of State Street Corporation. References to State Street
may include State Street Corporation and its affiliates. Certain
State Street affiliates provide services and receive fees from the
SPDR ETFs.
State Street Global Advisors Funds Distributors, LLC is the
distributor for certain registered products on behalf of the
advisor. SSGA Funds Management, Inc. has retained DoubleLine
Capital LP as the sub-advisor to EMTL. State Street Global Advisors
Funds Distributors, LLC is not affiliated with DoubleLine Capital
LP.
SSGA Funds Management, Inc. (“SSGA FM”) serves as the investment
adviser to the Fund. State Street Global Advisors Limited, an
affiliate of SSGA FM, serves as investment sub-adviser to the
Fund.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit ssga.com. Read it carefully.
Not FDIC Insured · No Bank Guarantee · May Lose Value
© 2021 State Street Corporation.
All Rights Reserved.
3484915.1.1.AM.RTL Exp. Date: 04/30/2022
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210407005560/en/
Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024