State Street Launches Mutual Fund Share Class of $170B SPYM ETF
State Street Investment Management has launched SPYMX, an institutional mutual fund share class of the State Street SPDR Portfolio S&P 500 ETF (SPYM)…
State Street Investment Management has filed three actively managed additions to its MyIncome target-maturity ETF suite: a 2036 Investment Grade Corporate Bond ETF, a 2032 Municipal Bond ETF, and a 2032 High Yield Corporate Bond ETF. Each fund will primarily invest in bonds maturing around its target year and is designed to liquidate and distribute remaining assets at maturity. The ETFs will use active security selection and risk management, with limited use of derivatives to manage duration and credit exposure, offering investors defined-maturity exposure across investment-grade corporate, tax-exempt municipal, and high-yield bond markets.
Source: SEC Filings
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