State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Portfolio Treasury ETF (SPTB).
SPTB further enhances SPDR’s portfolio ETF suite by providing low-cost exposure to US Treasury securities with remaining maturities greater than or equal to one year. Priced at three basis points, SPTB seeks to track the performance of the Bloomberg US Financials Index.
“We continue to see fixed income ETFs being used to tailor portfolios, allowing for greater flexibility, tailored allocations and targeted investment outcomes,” said Allison Bonds Mazza, Principal Broker at State Street Global Advisors. “With the addition of SPTB, the low-cost SPDR Portfolio Suite now offers investors a complete set of cost-effective tools for allocating the Bloomberg Total US Bond Index by sector as well as duration.”
SPTB provides investors with access to broad Treasury exposure through a single vehicle and complements the existing range of low-cost short-, intermediate- and long-term ETFs: SPDR Portfolio Short Term Treasury ETF (SPTS), SPDR Portfolio Intermediate Treasury ETF (SPTI) and SPDR Portfolio Long Term Treasury ETF (SPTL).
Launched in 2017 and offering prices as low as two basis points, the SPDR Portfolio ETF suite is designed to give investors more choices in low-cost ETFs. The suite provides exposure to US stocks, international stocks and fixed income asset classes to help investors build a diversified core portfolio of stocks and bonds while keeping more of what they earn.
As the creator of the world’s first ETFs, SPDR’s innovation in ETFs is based on its commitment to provide low-cost, efficient solutions for investors and is backed by more than 40 years of indexing experience. SPDR Portfolio ETFs are backed by the same team and processes that have made SPDR a leader in ETF investing.