SPDR SSGA My2028 Corporate Bond ETF (NASDAQ: MYCH)

Latest news for SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH)

Under normal circumstances, SSGA Funds Management, Inc. (the Adviser or SSGA FM) invests at least 80% of the Fund's net assets (plus borrowings for investment purposes) in corporate bonds. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80% investment policy. The Fund primarily invests in corporate bonds maturing in the year 2028, which may include bonds with embedded issuer call options falling within that year. The Fund may also invest in corporate bonds with maturity dates within six months prior to or after the Fund's target maturity year. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. The Fund is part of the MyIncome suite of target maturity bond ETFs and is designed to terminate on or about December 15, 2028, at which point the Fund will distribute its remaining net assets to shareholders pursuant to a plan of liquidation. The Fund does not seek to distribute any predetermined amount at maturity.

SPDR SSGA My2028 Corporate Bond ETF

[Editor&#8217;s note: This story was updated to include the market&#8217;s response following the mid-January arrest of Korea&#8217;s President Yoon Suk Yeol]
In an effort to bring South Korea's defense sector into the U.S. investment scene, Exchange Traded Concepts launched the Hanwha Asset Management's PLUS Korea Defense Industry Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KDEF#NYSE">KDEF</a>), offering investors <a href="https://www.benzinga.com/etfs">exposure to South Korea's thriving defense industry</a>.
"We are enthusiastic to introduce the PLUS Korea Defense Industry Index ETF (KDEF) to the U.S. market," said Hanwha CEO Kim Jong-ho. "Expanding on the foundation of our Plus K-Defense ETF listed in Korea, this launch represents an opportunity to provide U.S. investors with exposure to Korea's defense industry. We appreciate the support of Exchange Traded Concepts in bringing this ETF to the NYSE Arca."
KDEF aims to mirror the total return performance of the Korea Defense Industry Index. The fund comes with a net expense ratio of 0.65%, which is competitive.
Also Read: <a href="https://www.benzinga.com/25/02/43542002/calamos-new-cpsf-etf-offers-growth-with-a-safety-net">Calamos&#8217; New CPSF ETF Offers Growth With A Safety Net</a>
The Korea Defense Industry Index focuses on South Korean companies engaged in defense-related operations. This includes firms specializing in shipbuilding, satellite telecommunications, civil engineering and utility system construction, among other sectors. The new ETF aims to take advantage of this exposure.
To be included in the index, companies must have a minimum market capitalization of at least 300 billion Korean Won—approximately $206 million in U.S. dollars as of February 5, 2025. No single constituent holding is allowed to exceed 20% of the index's overall weighting. KDEF follows the index closely, with at least 80% of its investments allocated to securities within the Korea Defense Industry Index.
<h2 class="wp-block-heading">Markets Still Resilient Despite Political Uncertainty</h2>
Despite the national political dilemma following the unprecedented mid-January <a href="https://www.benzinga.com/markets/asia/25/01/42993441/south-korean-president-yoon-suk-yeol-arrested-kospi-edges-higher-despite-political-upheaval-won-stable">arrest of President Yoon Suk Yeol</a>, South Korean markets and the Won remained resilient. The iShares MSCI South Korea ETF, a key indicator for U.S. investors gained the day following his arrest, reflecting investor confidence in the South Korean market.
Additionally, tech companies are turning to South Korea for investing and expansions. For instance, IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) has expanded its global footprint through a new partnership with the Busan Metropolitan Government in South Korea. The collaboration aims to advance quantum technology and support talent development in the region.
Stability and impressive growth rates make South Korea a key market of interest and the safest route to invest in South Korean securities is through ETFs. Other popular ETFs with exposure to South Korean sectors are Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>) and iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>), both of which have gained about 8% year-to-date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/real-estate/reit/25/02/43545630/reit-winners-and-losers-januarys-trends-reshaping-2025">REIT Winners And Losers: January&#8217;s Trends Reshaping 2025</a></li>
</ul>
Photo: Shutterstock

New ETFs

ETFs

FLKR

IONQ

KDEF

South Korea's Defense Sector Gets A US Gateway With KDEF ETF (UPDATED)

Stifel analyst Brad Reback maintains Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) with a Buy and raises the price target from $220 to $250.

News

Price Target

Analyst Ratings

PCTY

Stifel Maintains Buy on Paylocity Holding, Raises Price Target to $250

UBS analyst Jay Sole maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Buy and lowers the price target from $92 to $90.

UBS Maintains Buy on Skechers USA, Lowers Price Target to $90

Macro Economic Events

Macro Notification

Economics

General

President Trump Told Republican Lawmakers He Plans To Issue Reciprocal Tariffs As Early As Friday

IPOs

Trading Ideas

TTAM

Titan America SA IPO Price Indicating $16.80/Share On 650K Shares; IPO Priced At $16/Share On 24M Shares

Stifel analyst Brian Chin maintains Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) with a Buy and lowers the price target from $270 to $250.

ONTO

Stifel Maintains Buy on Onto Innovation, Lowers Price Target to $250

UBS analyst John Sourbeer maintains Qiagen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>) with a Neutral and lowers the price target from $50 to $48.

QGEN

UBS Maintains Neutral on Qiagen, Lowers Price Target to $48

WIIM

GPRE

Green Plains shares are trading lower after the company reported worse-than-expected Q4 financial results.

Stifel analyst Derrick Whitfield maintains Mach Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNR#NYSE">MNR</a>) with a Buy and raises the price target from $21 to $23.

Stifel Maintains Buy on Mach Natural Resources, Raises Price Target to $23

VSAT

ViaSat shares are trading higher after the company reported better-than-expected Q3 financial results.

SPIR

Spire Global shares are trading higher after the company announced it was awarded a  Can$72 million contract by the Canadian government.

Big Tech is going all in <a href="https://www.benzinga.com/topic/artificial-intelligence">on artificial intelligence</a>, with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) pouring a record $320 billion into AI infrastructure in 2025.
That's up from $246 billion in 2024, despite investors' growing concerns about returns.
<h2 class="wp-block-heading">The AI Spending Frenzy</h2>
The four tech giants are racing to dominate the AI landscape, pouring billions into data centers and high-powered chips.
<ul>
<li>Amazon leads the pack with a planned $100 billion-plus investment.</li>
<li>Microsoft and Alphabet are each set to spend around $80 billion. </li>
<li>Meta, meanwhile, is committing over $60 billion to fuel its AI ambitions. </li>
</ul>
This rapid increase in capital expenditures is aimed at maintaining their lead in AI large language models and cloud-based AI services.
Read Also: <a href="https://www.benzinga.com/markets/25/02/43550696/amazon-to-pour-nearly-100-billion-into-ai-in-2025-surpassing-microsoft-and-alphabet-andy-jassy-says-cost-of-inference-will-meaningfully-come-down-amid-deepseek-worries">Amazon To Pour Nearly $100 Billion Into AI In 2025, Surpassing Microsoft And Alphabet—Andy Jassy Says &#8216;Cost Of Inference Will Meaningfully Come Down&#8217; Amid DeepSeek Worries</a>
<h2 class="wp-block-heading">Investor Jitters, Market Reactions</h2>
Wall Street isn't entirely sold on this spending spree. Microsoft and Alphabet saw their market caps shrink by $200 billion after reporting weaker-than-expected cloud growth alongside ballooning capital expenditures. 
Alphabet's stock tumbled 8% in a single day—one of its worst performances in a decade—while Amazon's fell 7% in after-hours trading.
<h2 class="wp-block-heading">The DeepSeek Disruption</h2>
Adding to the uncertainty, Chinese AI startup DeepSeek has shaken up the market with a low-cost, high-performance AI model that rivals OpenAI and Alphabet's offerings. 
Investors fear a future where AI models become cheaper and more accessible, potentially undermining the hefty investments by Big Tech.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43494592/jpmorgan-picks-winners-losers-after-deepseek-debut-how-alphabet-amazon-intel-and-oracle-rank">JPMorgan Picks Winners, Losers After DeepSeek Debut: How Alphabet, Amazon, Intel And Oracle Rank</a>
<h2 class="wp-block-heading">Big Tech's Defiant Stance</h2>
Despite the skepticism, industry leaders remain bullish:
<ul>
<li>Google CEO Sundar Pichai defended his $75 billion AI investment, calling it a once-in-a-generation opportunity.</li>
<li>Microsoft's CEO Satya Nadella doubled down on his $80 billion Azure expansion, insisting the company must maintain its early AI lead. </li>
<li>Meanwhile, Amazon's CEO Andy Jassy justified his record-breaking spending by pointing to strong demand for AWS-powered AI services.</li>
</ul>
<h2 class="wp-block-heading">Meta's AI Gamble Pays Off</h2>
Unlike its peers, Meta has managed to keep investors happy. Despite pledging "hundreds of billions" toward AI, its stock has climbed as shareholders see immediate returns from AI-powered ad targeting on Facebook and Instagram.
As the AI arms race heats up, the question remains: will these massive investments yield transformational breakthroughs, or are they setting up for an AI bubble? 
With competitors emerging and costs soaring, Big Tech is betting big—but investors are still waiting for proof that the gamble will pay off.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/02/43551455/amazon-reports-1000-genai-applications-in-development-ceo-andy-jassy-sees-broad-impact-across-business">Amazon Says 1,000 GenAI Applications In Development, CEO Andy Jassy Sees &#8216;Significant Productivity And Cost Savings&#8217;</a></li>
</ul>
Image: Shutterstock

Long Ideas

Tech

AMZN

GOOG

GOOGL

MSFT

Big Tech's 2025 AI Bill Is $320 Billion And Counting: Can Investors Stomach It?

BYRN

Byrna Technologies shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

UBS analyst Kevin Caliendo maintains Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) with a Neutral and lowers the price target from $374 to $325.

UBS Maintains Neutral on Molina Healthcare, Lowers Price Target to $325

Stifel analyst Ruben Roy maintains Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) with a Buy and raises the price target from $95 to $105.

LITE

Stifel Maintains Buy on Lumentum Holdings, Raises Price Target to $105

SION

Sionna Therapeutics IPO Price Indicating $24/Share On 85.998 Shares; IPO Priced At $18/Share On 10,588,233 Shares

Quantum-SI shares are trading higher after Alliance Global Partners initiated coverage on the stock with a Buy rating and announced a $3.75 price target.

UBS analyst Alex Kramm maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Buy and lowers the price target from $330 to $305.

MKTX

UBS Maintains Buy on MarketAxess Holdings, Lowers Price Target to $305

Stifel analyst W. Andrew Carter maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Sell and lowers the price target from $1.9 to $1.55.

LESL

Stifel Maintains Sell on Leslies, Lowers Price Target to $1.55

UBS analyst Timothy Chiodo maintains Lightspeed Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) with a Neutral and lowers the price target from $17 to $14.5.

LSPD

UBS Maintains Neutral on Lightspeed Commerce, Lowers Price Target to $14.5

Comments

SPDR SSGA My2028 Corporate Bond ETF

News

Latest news for SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH)

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga