Adding to a string of new exchange-traded funds, State Street Global Advisors has just introduced the SPDR Barclays Capital Intermediate-Term Credit Bond ETF (ITR).
“With current yield spreads edging wider than they have been in more than 15 years, investment-grade corporate bonds are an attractive asset classes for investors seeking to further diversify their fixed income holdings or hedge against future interest-rate hikes,” says James Ross, senior managing director at State Street Global Advisors.