- With the ECB considering further easing steps to try and combat deflation, S&P Capital IQ's Todd Rosenbluth suggests a couple of ETFs for fixed-income investors looking to get exposure to international corporate debt.: The SPDR Barclays International Corporate Bond ETF (IBND +0.3%) and the PowerShares International Corporate Bond ETF (PICB +0.4%).
- IBND has duration of about five years and significant exposure to investment-grade paper issued by German, French, Spanish, and Italian companies. PICB has a slightly higher duration and - at 0.5% - an expense ratio five basis points lower. In addition to European exposure, PICB also has a larger stake in Canada.