State Street spins out more SPDRs

State Street Global Advisors today launched three new fixed-income exchange traded funds on the American Stock Exchange.
OCT 15, 2007
State Street Global Advisors of Boston today launched three new fixed-income exchange traded funds on the American Stock Exchange. The SPDR Lehman New York Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal New York Index which follows New York municipal bonds. The SPDR Lehman California Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal California Index which follows California municipal bonds. And the SPDR Lehman Short Term Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal Short Term Index which follows muni bonds that cover the U.S. dollar denominated short- term tax exempt bond market.

Latest News

Why retirement planning demands more today than it used to
Why retirement planning demands more today than it used to

Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income