State Street Global Advisors today began trading the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF and the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF on the NYSE Arca.

The SPDR BofA Merrill Lynch Crossover Corporate Bond ETF tracks the performance of the BofA Merrill Lynch US Diversified Crossover Corporate Index, which measures the performance of US dollar-denominated BBB and BB corporate debt publicly issued in the US domestic market. Its expense ratio is 30 basis points.

The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF tracks the performance of the BofA Merrill Lynch Emerging Markets Large Cap Senior Corporate Index, which measures the performance of U.S. dollar-denominated emerging market corporate senior and secured debt publicly issued in the U.S. domestic market and the Eurobond market. Its expense ratio is 50 basis points.

“Featuring potentially higher yields than most investment grade bonds and potentially less credit risk than most high yield issues, demand for crossover bonds is growing among financial advisors and investors during this extended low-yield environment,” stated James Ross, global head of SPDR Exchange Traded Funds at State Street Global Advisors.

“With the launch of the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF, precise, cost-efficient access to this asset class is within reach for investors seeking exposure that spans both investment grade and high-yield bonds.”