The SPDR S&P Emerging Markets Dividend ETF is designed to track the performance of the S&P Emerging Markets Dividend Opportunities Index, according to State Street Global Advisors. The index is comprised of 100 of the highest yielding emerging markets stocks, based on market capitalization, in the S&P Dividend Opportunities family of indexes.
Constituents include publicly traded companies with market capitalizations of at least $1 billion (float-adjusted market cap of $300 million). The SPDR S&P Emerging Markets Dividend ETF’s expense ratio is 0.59%.
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 United States, 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, Inc., Standard & Poor’s, Inc. and Fitch, Inc. respectively, according to the announcement.
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%.
“Against a backdrop of historically low Treasury yields, demand for precise exposure to innovative debt and dividend instruments is climbing,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at SSgA.