State Street Global Advisors, the asset management arm of New York-listed State Street Corporation, has created an infrastructure ETF to offer investors combined exposure to infrastructure equities and fixed income.

Boston-headquartered State Street Global Advisors has launched an infrastructure exchange-traded fund to meet what it sees as growing interest in this sector.

The SPDR Morningstar Multi Asset Global Infrastructure UCITS ETF is listed on the Deutsche Börse Xetra. 

The fund tracks the Morningstar Global Multi-Asset Infrastructure Index, which spans 18 industry segments, and provides access to long duration and inflation-linked assets in companies with high barriers to entry, the firm said. The index combines equity and bond exposure to the sector.

“Our new fund aims to fill a clear need in the market at a time when investor interest in infrastructure is strong. However, many investors don’t have the scale to invest in unlisted infrastructure or directly into debt securities, making it difficult for smaller investors to get exposure,” said the head of SPDR ETFs for EMEA, Alexis Marinof. 

“Our fund aims to combat this, by offering a regulated, open-ended vehicle through which to access the asset class. The ETF also helps larger investors who have an allocation to direct infrastructure, by offering a temporary home for committed, but uncalled capital.”

As of the end of 2014, State Street Global Advisors managed $2.42 trillion of assets worldwide. Earlier this month, the firm announced the closure of three exchange-traded funds following poor market demand.