The SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) is managed by State Street Global Advisors (SSGA) Funds Management, Inc. Established with the aim of tracking the performance of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index, BWZ utilizes a sampling strategy. This strategy enables the ETF to hold a portfolio of securities with similar risk and return characteristics to the index, without the necessity of owning every security within the index. BWZ primarily invests in fixed-rate local currency sovereign debt of investment-grade countries outside the United States, with remaining maturities of one to three years. The ETF may also invest in other fixed-income securities, cash equivalents, and use financial instruments like forward currency exchange contracts and futures contracts to manage its portfolio efficiently. The Bloomberg Index Services Limited sponsors the index that BWZ seeks to track, and as of February 28, 2023, the ETF had a significant exposure to companies in Europe and Japan, with an average maturity of 1.91 years for its holdings. Please note that the index provider is not affiliated with the ETF or its adviser.
The PIMCO Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) focuses on tracking the performance of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index. The fund employs a sampling strategy, which means it does not have to purchase all of the securities in the index. Instead, it may invest in a subset of the securities to achieve similar risk and return characteristics. Under normal market conditions, BWZ invests at least 80% of its assets in the index's securities and securities with similar economic characteristics. Additionally, the fund may invest in debt securities not included in the index, cash equivalents, money market instruments, forward currency exchange contracts, and futures contracts for hedging and performance purposes. The index measures the performance of fixed-rate local currency sovereign debt of investment-grade countries outside the United States with remaining maturities of one to three years. Investors in BWZ may expect returns primarily from bond price appreciation and some level of dividend income.
Tracking the Bloomberg 1-3 Year Global Treasury ex-US Capped Index is the primary objective of the fund associated with the BWZ ETF. To achieve this goal, the fund utilizes a sampling strategy, allowing it to acquire a subset of securities from the Index, thereby mirroring the risk and return characteristics of the Index as closely as possible. SSGA Funds Management, Inc., the fund's investment adviser, may decide on the specific holdings based on various factors, including the fund's asset size. Under normal market conditions, the fund invests at least 80% of its total assets in the Index's securities or securities with similar economic characteristics. Additionally, the fund may invest in debt securities not included in the Index, cash equivalents, money market instruments, and employ forward currency exchange contracts and futures contracts as part of its strategy. The Bloomberg 1-3 Year Global Treasury ex-US Capped Index is designed to gauge the performance of fixed-rate local currency sovereign debt issued by investment grade countries outside the United States, with maturities ranging from one to three years. It comprises government bonds from various countries and employs a market capitalization methodology to maintain proportional representation. Please note that the Index Provider, Bloomberg Index Services Limited, is independent and not affiliated with the fund or its adviser.
The correlation aspect of the SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) primarily revolves around its performance in relation to the Bloomberg 1-3 Year Global Treasury ex-US Capped Index. As BWZ seeks to track this index, its correlation with the index is expected to be high. Investors rely on BWZ's correlation data to gauge how closely it aligns with the performance of short-term international treasury bonds, making it a valuable tool for those looking to diversify their fixed-income portfolio. To gain deeper insights into BWZ's correlations and visualize its overlap with other assets, investors can leverage ETF Insider's web app and visualization tools, facilitating informed investment decisions.
The iShares iBoxx $ Investment Grade Corporate Bond ETF (BWZ) primarily focuses on the corporate bond sector, specifically targeting investment-grade bonds. This sector comprises bonds issued by reputable companies with strong credit ratings, which generally implies lower default risk compared to lower-grade bonds. By investing in BWZ, investors gain exposure to a diversified portfolio of high-quality corporate bonds, potentially providing income and stability to their investment portfolios. It's important to note that while this sector may offer lower yield potential than riskier assets, it can play a crucial role in a well-balanced investment strategy by mitigating overall portfolio risk.
The exposure characteristic of the SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) is centered on providing investors with exposure to short-term international treasury bonds. The ETF seeks to track the performance of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index, which consists of fixed-rate local currency sovereign debt issued by investment-grade countries outside the United States, with remaining maturities of one to three years. BWZ''s portfolio primarily includes government bonds from Europe and Japan, offering a conservative investment option for those seeking stable returns in the short-term international treasury bond market.
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