The SPDR S&P Emerging Markets Dividend ETF is designed to track the performance of the S&P Emerging Markets Dividend Opportunities Index, which 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 $1bn (float-adjusted market cap of $300m). The SPDR S&P Emerging Markets Dividend ETF’s expense ratio is 0.59%.
According to the SsgA, the SPDR Barclays Capital Emerging Markets Local Bond ETF is designed to track the price and yield performance of the Barclays Capital EM Local Currency Government Diversified Index.
The index includes government bonds issued by countries outside of the US, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle of Moody’s Investor Service, Standard & Poor’s, and Fitch, respectively.
The asset manager has said that each of the component securities in the index is a constituent of the Barclays Capital EM Local Currency Government Diversified Index. The SPDR Barclays Capital Emerging Markets Local Bond ETF’s expense ratio is 0.5%.
SSgA senior managing director and global head of SPDR Exchange Traded Funds James Ross said the launch of these two EFTs helps to underscore the evolution of views on diversification – investors no longer see emerging markets as a single, uniform asset class.
