State Street launches 0.08% fee ETF - why smart money is ditching long bonds
Key Points
- State Street launched the SPDR Bloomberg 1-5 Year U.S. Corpo...
State Street just dropped their newest creation today: the SPDR Bloomberg 1-5 Year U.S. Corporate Bond UCITS ETF (USC5), and it's charging a mere 0.08% expense ratio. That's cheaper than your morning coffee habit, assuming you're not buying artisanal single-origin beans from a hipster cafe.
This ETF targets US dollar corporate bonds with one to five-year maturities, which in today's interest rate environment is like choosing the shallow end of the pool when everyone else is doing cannonballs into the deep end. Matteo Andreetto from State Street points out that shorter maturities make sense wh...
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