ETF tracks corporate bonds denominated in pounds sterling…..
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A new exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Tuesday.
ETF name: SPDR Barclays 0-5 Year Sterling Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BCBJF711
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-5 Year Sterling Corporate Bond Index
The new SPDR bond index ETF enables investors to participate in the performance of fixed-income corporate bonds denominated in British pounds. The underlying Barclays 0-5 Year Sterling Corporate Bond Index comprises bonds from companies in the industrial, utilities and finance sectors with a maturity of up to five years. Only investment-grade bonds are included. The composition of the index is reviewed monthly.
Source: ETFWorld.co.uk
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