Crossover, Emerging Corporate Bond ETFs Debut
Posted on June 20, 2012 at 18:02 PM EDT
State Street Global Advisors -- the provider of the mammoth SPDR ETF family -- added two bond funds this week: SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) and the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) . XOVR tracks the BofA Merrill Lynch U.S. Diversified Crossover Corporate Index, which is a basket of dollar-denominated BBB and BB corporate bonds. Crossover refers to credit quality. Crossover corporate
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