推 bullship:感謝提醒 05/22 21:07
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※ [本文轉錄自 nfsong 信箱]
作者: amibroker (amibroker) 看板: Stock
標題: [新聞] First International Corporate Bond ETF Begins Trading
時間: Sat May 22 21:02:03 2010
1.原文連結：
http://seekingalpha.com/article/206323-first-international-corporate-bond-etf-begins-trading?source=email
2.內容：
First International Corporate Bond ETF Begins Trading
Yesterday (5/20/10), State Street launched the first international corporate
bond ETF for U.S. investors: SPDR Barclays Capital International Corporate
Bond ETF (IBND). This is the fourth fund State Street targeting foreign fixed
income markets.
The underlying Barclays Capital Global Aggregate ex-USD >$1B: Corporate Bond
Index is designed to be a broad-based measure of the global investment-grade,
fixed rate, fixed income corporate markets outside the United States.
It’s important to understand that IBND excludes US dollar-denominated bonds,
but not bonds issued by US companies payable in other currencies. In fact,
the US has the largest country weighting at 17.5%, followed by Germany 16.1%,
United Kingdom 12.5%, France 11.3%, and Italy 8.7%. I could not find any
information detailing the fund’s currency exposure.
The overview page shows the fund’s current sector breakdown as Financials
46.9%, Industrials 39.5%, and Utilities 11.6%. The underlying index has 532
holdings, which the fund tries to match with only 88 positions. Average
maturity is 5.3 years and the modified adjusted duration is 4.4 years.
According to the fact sheet (pdf), the underlying index has a yield (average
yield to worst) of 3.05%. If IBND tracks this characteristic accurately, then
it should be expected to yield about 2.5% after the 0.55% expense ratio.
Other SPDR International Fixed Income ETFs are SPDR Barclays Capital
International Treasury Bond ETF (BWX), SPDR Barclays Capital Short Term
International Treasury Bond ETF (BWZ), and SPDR DB International Government
Inflation-Protected Bond ETF (WIP).
Disclosure covering writer, editor, and publisher: No positions in any of the
securities mentioned. No positions in any of the companies or ETF sponsors
mentioned. No income, revenue, or other compensation (either directly or
indirectly) received from, or on behalf of, any of the companies or ETF
sponsors mentioned.
* More on choosing the right ETF
About the author: Ron Rowland
3.心得/評論：
終於推出國際公司債 ETF 了，
這個一定要用海外券商來買比較划算，
國內的複委託是不會退稅的，
光是年利息就差了 30%。
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