SSgA launches new ETF products
State Street Global Advisors (SSgA) has launched two new exchange-traded fund (ETF) products into the Australian market.
The company announced this week it had launched the SPDR S&P/ASX Australian Bond Fund and the SPDR S&P/ASX Australian Government Bond Fund.
The two products began trading on the Australian Securities Exchange (ASX) this week.
According to SSgA, the products are the first ETFs to track indices from the S&P/ASX Australian Fixed Income Index Series.
Commenting on the new products, SSgA head of SPDR ETFs in Australia Amanda Skelly said they aimed to give retail investors exposure to market, which had traditionally proved difficult and costly to access.
"Like the entire family of SPDR ETFs, they also provide the building blocks investors can use to diversify their portfolios in a low cost, easily tradeable and transparent manner," she said.
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