SAN DIEGO (ETFguide.com) - State Street Global Advisors (SSgA),
the asset management business of State Street Corporation (
), launched the SPDR S&P Emerging Markets Dividend
(NYSEArca: EDIV) and the SPDR Barclays Capital Emerging Markets
Local Bond ETF (NYSEArca: EBND) today.
'Against a backdrop of historically low Treasury yields, demand for
precise exposure to innovative debt and dividend instruments is
climbing,' said James Ross, senior managing director and global
head of SPDR Exchange Traded Funds at State Street Global
EDIV is linked to the performance of the S&P
Dividend Opportunities Index. The Index is comprised of 100 of the
highest yielding emerging markets stocks, based on market
capitalization, in the S&P Dividend Opportunities family of
indices. Constituents include publicly traded companies with market
capitalizations of at least $1 billion (float-adjusted market cap
of $300 million). EDIV's annual expense ratio is 0.59%.
EBND follows the Barclays Capital EM Local Currency Government
Diversified Index. The Index includes government bonds issued by
countries outside of the United States, in local currencies, that
have a remaining maturity of one year or more and are rated
B3/B-/B- or higher.. Each of the index components is a constituent
of the Barclays Capital EM Local Currency Government Diversified
Index. EBND's annual expense ratio is 0.50%.
'The launch of the
S&P Emerging Markets Dividend ETF and SPDR Barclays Capital
Emerging Markets Local Bond ETF helps to underscore the evolution
of views on diversification - investors no longer see emerging
markets as a single, uniform asset class.'
Other ETF Product Offerings
Factor Advisors, a New York-based asset management firm, introduced
five ETFs that allow sophisticated investors to simultaneously hold
both a bull and a bear position in one leveraged ETF.
'As a portfolio manager, I used to become frustrated about being
charged twice the transaction fees and double the margin
requirements in order to implement spread trades,' said Stuart
Rosenthal, CEO and Co-Founder of Factor Advisors. 'I was
determined to bring greater efficiency to spread trading. With the
creation of FactorShares, spread trading among the major asset
classes requiring two separate positions and indiscriminate
rebalancing is in the past.'
The initial series of FactorShares ETFs pair up major asset
classes from among the S&P 500 Index, US Treasury Bonds, Gold,
Oil and the US Dollar.
The new FactorShares ETFs are:
FSE: FactorShares 2X: S&P500 Bull/TBond Bear (NYSEArca: FSE)
FSA: FactorShares 2X: TBond Bull/S&P500 Bear (NYSEArca:
FSU: FactorShares 2X: S&P500 Bull/USD Bear (NYSEArca: FSU)
FOL: FactorShares 2X: Oil Bull/S&P500 Bear (NYSEArca: FOL)
FSG: FactorShares 2X: Gold Bull/S&P500 Bear (NYSEArca: FSG)
The above listed FactorShares spread ETFs are designed to
rebalance daily to achieve the desired effect of maintaining dollar
neutrality. FactorShares ETFs target a daily leverage ratio of 4:1,
where each dollar invested provides approximately two dollars of
long futures exposure and two dollars of short futures exposure,
immediately after daily rebalancing. FactorShares ETFs aim for
daily investment results and are not designed to be held for longer