State Street® SPDR® Bloomberg Emerging Markets Local Bond ETF EBND

Diversified access to local-currency emerging-markets bond issuers. The basket has a quality tilt. The case for a passive approach to investing in local-currency-denominated emerging-markets government debt has merit for investors with a long-term horizon, and this State Street exchange-traded fund stands as a solid strategy. The compound benefits of broad diversification and higher average credit quality of the ETF´s portfolio relative to other passive peers are points we value. However, there are cheaper passive options in the category, particularly in traditional index funds, and this partly erodes this fund's competitive edge.