State Street Global Advisors has launched a new exchange-traded fund based on a corporate bond index weighted according to three quantitative measures: return on assets, interest coverage and current ratio.

The fund is the SPDR Barclays Capital Issuer Scored Corporate Bond ETF and seeks to track the performance of the Barclays Capital Issuer Scored Corporate Index. The index is made up of publicly issued U.S.-dollar denominated, investment-grade corporate issues that have $250 million or more of par amount outstanding.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.