spdr etfs offers euro fixed income product to UK

The exchange-traded funds platform of State Street Global Advisers, SPDR ETFs, has registered a new fixed income product for sale in the UK, the SPDR Barclays Capital 1-3 Year Euro Government Bond.

spdr etfs offers euro fixed income product to UK

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The fund is listed on the Deutsche Borse and invests in short maturity European government bonds.

It tracks the Barclays Capital 1-3 Year Euro Treasury Bond Index, which consists of approximately 75 fixed-rate, investment-grade bonds of countries in the eurozone.

Like all SPDR ETFs it is physically replicated and will take the full complement of SPDR ETFs listed on European exchanges to 30.

Eleanor Hope-Bell, head of the intermediary business for northern Europe at SSgA, said: "With a strong focus on liquidity and transparency, investors are increasingly drawn to ETFs and growth in this market continues at a strong pace. SPDR remains committed to offering investors core building blocks in which they can build long-term strategic portfolios."

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