State Street to launch SPDR ETFs

State Street Global Advisors of Boston today announced five new fixed-income SPDR exchange traded funds will begin trading on the American Stock Exchange tomorrow. The five new SPDRs include: the SPDR Lehman 1-3 Month T-Bill ETF; SPDR Barclays TIPS ETF; SPDR Lehman Aggregate Bond ETF; SPDR Lehman Intermediate Term Treasury ETF; and SPDR Lehman Long Term Treasury ETF. “Our new family of fixed income SPDRs is designed to help investors create and manage well-diversified, cost-effective portfolios,” Anthony Rochte, senior managing director of SSgA said in a statement. “Spanning the spectrum of short, intermediate, and long-term maturities and providing new access to T-Bills and the 10-plus-year segment of the market, the fixed income SPDRs are a compelling addition to our ETF offering."