Two New SPDR Bond ETFs Extend Lineup

State Street Global Advisors rolled out two fixed income ETFs on December 1.  SPDR Barclays Capital Investment Grade Floating Rate ETF (FLRN) and SPDR Barclays Capital Short Term Treasury ETF (SST) help round out the SPDR bond fund offerings, but don’t offer anything new or innovative. SPDR Barclays Capital Investment Grade Floating Rate ETF (FLRN) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital U.S. Dollar Floating Rate Note < 5 Years Index.  The cap-weighted underlying index consists of variable coupon debt instruments, mostly based on a fixed spread over the 3-month LIBOR. State Street’s sampling approach reduces the 320 index holdings down to 49 for . . . → Read More: Two New SPDR Bond ETFs Extend Lineup