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State Street SPDR Portfolio Mortgage Backed Bond ETF

SPMB

Market cap $6.94B

21.56 USD

+0.20

0.94%

At close Updated Oct 22, 12:50 PM EDT

1 day

0.94%

5 days

0.98%

1 month

-0.19%

3 months

-1.96%

6 months

-3.96%

Year to date

-3.71%

1 year

-4.9%

5 years

-15.55%

10 years

-20.27%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

Norway Rotates $2.3 Trillion Fund Into Mortgage-Backed Securities

Mortgage-backed securities are seeing greater interest and just got a vote of confidence from the largest sovereign wealth fund. The Norges Bank Investment Management (NBIM), which oversees Norway's $2.3 trillion sovereign wealth fund, proposed cutting its government bond allocation and rotating into mortgage-backed securities (MBS).

Norway Rotates $2.3 Trillion Fund Into Mortgage-Backed Securities

The Big New Names in Mortgage-Backed Securities ETFs

Mortgage-backed securities (MBSs) ETFs have, somewhat quietly, welcomed some big new players in the past year. Just this week, Eaton Vance debuted the Eaton Vance Mortgage Opportunities ETF (EVMO).

The Big New Names in Mortgage-Backed Securities ETFs

2024 Has Marked a Pivot of Economic Conditions that Investors Should Consider

2024 has marked a pivot of economic conditions that investors should consider. Over the past two years, we saw rampant inflation, rapid rate hikes, negative real rates, an earnings recession, tight corporate balance sheets as wages increased, and a recession that never manifested.

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