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.
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