SPDR Morningstar Multi‑Asset Global Infrastructure

ETF description

This ETF focuses on infrastructure investments from around the world, including sectors such as utilities, transportation, energy, and telecommunications. Infrastructure assets are typically long‑term in nature and play a key role in supporting economic activity, including roads, airports, power grids, and communication networks.

Unlike some funds that invest only in company stocks, this ETF holds a mix of assets, which may include shares of infrastructure companies as well as other investments linked to infrastructure projects. The goal is to provide diversified exposure across different regions and sectors within the infrastructure space. The selection of assets is based on specific criteria that aim to capture the characteristics of infrastructure investments while maintaining a global perspective.

This ETF may appeal to investors who are interested in infrastructure as a sector but prefer a structured approach rather than picking individual companies.

Issuer details

SPDR ETFs (Standard & Poor’s Depositary Receipts), managed by State Street Global Advisors, are among the largest and most recognized ETFs in the world, with over $1 trillion in assets under management as of June 2024. SPDR offers a broad range of ETFs covering various market segments, including equities, fixed income, sector‑specific funds, commodities, and ESG (Environmental, Social, Governance) investments. Launched in 1993 with the SPDR S&P 500 ETF (SPY), the first ever ETF, SPDR ETFs are known for their strong emphasis on liquidity, transparency, and robust research and analysis. Notable ETFs in their lineup include the SPDR S&P 500 ETF (SPY), SPDR Gold Shares (GLD), and SPDR Bloomberg Barclays High Yield Bond ETF (JNK), reflecting SPDR’s commitment to providing diverse and high‑quality investment options to meet the needs of various investors.

Index details

The Morningstar Global Multi‑Asset Infrastructure Index tracks the performance of a broadly diversified portfolio of publicly traded global equity and global fixed income securities that, at 31 July 2014, fall within 18 infrastructure related industries. The Index is equally weighted between equities and fixed income but will float between the rebalances which occur on the last business day of every calendar quarter.