SSgA starts ETF tracking global bond index

SSgA launched a new ETF that tracks Deutsche Bank’s DB Global Government ex-U.S. Inflation-Linked Bond Capped index, confirmed SSgA spokeswoman Marie McGehee. The SPDR DB International Government Inflation-Protected Bond ETF began trading March 19 on the American Stock Exchange. The index includes 120 inflation-indexed bonds from 18 developed and emerging countries outside of the U.S. “Demand for international inflation-linked bond exposure has increased significantly in recent years as investors look to improve the risk-return profile of their portfolios by hedging against inflation and U.S. dollar exposure while improving diversification,” said James Ross, senior managing director at State Street, in a news release.