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State Street Launches Corporate Bond ETF

State Street Global Advisors (STT) has just announced the launch of their SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG). A statement from STT says, “We believe the launch of LQIG will be instrumental in supporting increased tradability in the traditionally fragmented and less liquid fixed income market.”

ETF Newz Says: The goal of LQIG is to provide bond investors access to U.S. corporate bonds with a higher liquidity.