State Street Global Advisors Enhances Fixed Income ETF Offering
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Bloomberg Barclays 3-12 Month T-Bill ETF (BILS).
Designed to give investors exposure to ultra-short term Treasury bills, this new SPDR ETF offering covers a maturity range between the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the SPDR Portfolio Short Term Treasury ETF (SPTS).
“With clients concerned about negative rates on the shortest end of the curve, BILS provides an additional ultra-short term Treasury option for fine tuning fixed income portfolios to meet specific yield, duration and risk parameters,” said Noel Archard, Global Head of SPDR Product at State Street Global Advisors. “The launch of BILS completes our SPDR ETF Treasury suite, which now provides clients with cost effective access to the entire yield curve based on duration targets.”
The SPDR Bloomberg Barclays 3-12 Month T-Bill ETF seeks to track the performance of the Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index, which includes all publicly issued U.S. Treasury Bills that have a remaining maturity of less than 12 months and at least 3 months. As of August 31, 2020, there were approximately 20 securities in the index.
"At Bloomberg, we're dedicated to providing index solutions that allow our clients to meet their evolving needs and address the changing global investment landscape," said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL). "We are thrilled to work with State Street Global Advisors as they continue to build out their ETF suite, utilizing our indices as a strong foundation."
State Street Global Advisors offers a broad suite of fixed income SPDR ETFs to help investors build custom portfolios to pursue their goals. This comprehensive lineup includes 33 funds with over $87 billion in assets providing exposure that ranges from corporate and credit to high yield and emerging market debt.* For additional information, visit www.ssga.com.
For more information on the SPDR ETF suite, visit www.ssga.com/etfs.
*Bloomberg Finance, L.P., and SPDRS.com as of 6/30/2020
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are sponsored by affiliates of State Street Global Advisors. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500 – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.ssga.com/etfs.