State Street SPDR Bloomberg Convertible Securities ETF (CWB) — ()

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CWB: Rate Cuts Mostly Benefit Large-Cap Tech

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Sentiment: Positive ()

CWB has some reflexive stocks and also more traditional exposures that are more macro exposed, meaning an ambiguous effect of the rate cuts motivated by labour market concerns. However, ambiguity …

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About State Street SPDR Bloomberg Convertible Securities ETF CWB

The State Street SPDR Bloomberg Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Convertible Liquid Bond Index (the "Index")Seeks to provide exposure to the market of U.S. convertible securities with an issue amount of at least $350 million and a par amount outstanding of at least $250 millionConvertible bonds are bonds that can be exchanged, at the option of the holder, for a specific number of shares of the issuer's preferred stock or common stockRebalanced on the last business day of the month