The SPDR BofA Merrill Lynch 0-5 Year EM USD Government Bond UCITS ETF listed on the Deutsche Borse, Xetra today.
State Street said the product looks to reflect the performance of short-maturity emerging market government debt issued in US dollars.
It added that the ETF “opens up a new segment of the emerging market bond universe” for investors wanting to lower the duration or the volatility of their existing hard currency emerging market debt investments.
Alexis Marinof, head of SPDR ETFs EMEA, said: “[The ETF] allows investors to reduce the duration of their existing emerging market debt exposure or increase the yield of the US dollar portion of their portfolio, while giving them full transparency of their holdings on a daily basis.”
The ETF tracks the BofA Merrill Lynch 0-5 Year EM USD Government Bond ex-144a Index.
State Street Global Advisors is the asset management arm of State Street Corporation, and manages more than $415bn through 220 ETFs worldwide.
In October, the company launched “the world’s first” passive global convertible bond ETF.
The SPDR Thomson Reuters Global Convertible Bond UCITS ETF is also listed on the Deutsche Börse, Xetra and aims to offer investors cost-efficient and transparent exposure to the asset class.