SPDR Bloomberg Emerging Markets Local Bond ETF (EBND)
SPDR Bloomberg Emerging Markets Local Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $21.04, down 0.09% on the session, giving a market capitalisation of $2.27B. Its beta of 1.23 implies it has historically moved more than the broad market.
The SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) aims to replicate the price and yield performance of the Bloomberg EM Local Currency Government Diversified Index, before considering fees and expenses. This fund provides investors with exposure to fixed-rate government debt issued by developing nations, denominated in their respective local currencies. The underlying index includes sovereign bonds, also in local currencies, from both highly-rated and lower-rated emerging market countries globally (excluding the U.S.), as long as they have at least one year remaining until maturity. The index undergoes rebalancing on the final business day of every month.
SPDR Bloomberg Emerging Markets Local Bond ETF is most often compared with the following Financial Services names: