It is a physically replicated ETF which listed on the Deutsche Borse on Monday and is aiming to offer investors exposure to an asset class that diversifies away from other fixed income sub-sectors.
SPDR said euro high yield bond ETFs experienced inflows of €564m in 2011, which marked them as the sixth most popular ETF asset classes in terms of inflows.
Eleanor Hope-Bell, head of SSGA’s intermediary sales for the UK, said: "Euro high yield bonds currently offer yields more than double euro investment grade corporate bonds, and in this low income environment, this asset class may be particularly attractive for investors."
SPDR now has 31 ETFs listed on European exchanges, including the LSE, Deutsche Borse, Euronext Paris and SIX Swiss Exchange.
The SPDR Barclays Capital Euro High Yield Bond ETF is available in both sterling and dollar denominations.
