State Street Global Advisors is set to launch the SPDR Barclays Capital Issuer Scored Corporate Bond ETF, ETF Daily News reports. The fund will offer investment results that before fees and expenses correspond generally to the price and yield performance of an index that tracks the U.S. corporate bond market.

The fund may buy a subset of the securities in the index to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund may invest in fixed-income securities that are not included in the index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments.

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