ETF round-up
n State Street Global Advisors has launched a new ETF on the American Stock Exchange (Amex).
The SPDR Lehman High Yield Bond ETF is linked to the Lehman Brothers High Yield Very Liquid Index, which tracks the US high yield corporate bond market.
n Victoria Bay Asset Management has also launched a new ETF on the Amex.
The US 12-month oil fund is designed to track the performance of the price of light sweet crude oil delivered to Cushing, Oklahoma.
The fund uses average prices of 12 crude oil futures
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