State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today launches the SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF.
The ETF’s embedded ESG approach builds on the Bloomberg SASB materiality map to maximise the ESG score via positive screening using the State Street Global Advisors R-Factor™. The ETF excludes issuers that derive significant revenue from certain practices, industries, or product lines.
“State Street Global Advisors continues to seek ways to deliver ESG strategies that provide value to investors. This new ETF complements the SPDR range of ESG corporate exposures, allowing investors to navigate the current hawkish ECB pivot with a shorter-duration exposure.”Antoine Lesne, Head of SPDR ETF Strategy & Research EMEA
The fund will be listed on: Deutsche Borse — SPPS GY (€), Borsa Italiana — SESR IM (€), and Euronext Amsterdam — SECR NA (€).