NYSE Euronext (NYX quote) announced that its wholly-owned subsidiary, NYSE Arca, today(Friday the 17th) began trading the SPDR® Barclays Capital Convertible Bond ETF under the ticker symbol “CWB.” The ETF is sponsored by State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT).
The Fund's investment objective is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible bonds with outstanding issue sizes greater than $500 million
The fund’s prospectus and other fund information are available at www.spdrs.com.
Disclosure I do not own nyx, cwb or stt.
Gold stocks still look great.
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