New Bond ETF From State Street
March 24th at 1:00am by Tom Lydon
State Street Global Advisors unveiled their first International Inflation-Protected Bond exchange traded fund (ETF). The SPDR DB International Government Inflation-Protected Bond (WIP) began trading on the American stock exchange March 19. The index, DB Global Government ex-US inflation-Link Bond Capped Index, uses 120 inflation-indexed bonds from 18 developed and emerging counties outside the U.S.
BusinessWire reports the expense ratio at 0.50%. The ETF joins the iShares Lehman TIPs ETF (TIP) in this area of the market.
Bonds, in general, can be a safer place for investors to stash their money when the markets are haywire.
