Products July 22, 2008

SSgA Launches 10 International Sector ETFs

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, launched 10 SPDR exchange-traded funds (ETFs).
Reported by

The 10 new international sector SPDR ETFs offer a complete suite of tools to gain access to investment opportunities outside of the United States benchmarked to a series of the S&P World ex U.S. Broad Market Indices. The new funds are market cap weighted, include only non-U.S. holdings, and utilize the widely recognized Global Industry Classification Standard (GICS), the company said.

The ETFs began trading on the American Stock Exchange today.

The new offerings include:

  • SPDR S&P International Consumer Discretionary Sector ETF (ticker: IPD) – Index includes more than 990 non-U.S. consumer discretionary companies with market capitalizations of at least $100 million;
  • SPDR S&P International Consumer Staples Sector ETF (ticker: IPS) – Index includes more than 330 non-U.S. consumer staples companies with market capitalizations of at least $100 million;
  • SPDR S&P International Financial Sector ETF (ticker: IPF) – Index includes more than 1,000 non-U.S. financial services companies with market capitalizations of at least $100 million;
  • SPDR S&P International Health Care Sector ETF (ticker: IRY) – Index includes more than 330 non-U.S. health care companies with market capitalizations of at least $100 million;
  • SPDR S&P International Industrial Sector ETF (ticker: IPN) – Index includes more than 1,200 non-U.S. industrial companies with market capitalizations of at least $100 million;
  • SPDR S&P International Materials Sector ETF (ticker: IRV) – Index includes more than 640 non-U.S. materials companies with market capitalizations of at least $100 million;
  • SPDR S&P International Technology Sector ETF (ticker: IPK) – Index includes more than 650 non-U.S. technology companies with market capitalizations of at least $100 million;
  • SPDR S&P International Telecommunications Sector ETF (ticker: IST) – Index includes more than 70 non-U.S. telecommunications companies with market capitalizations of at least $100 million;
  • SPDR S&P International Utilities Sector ETF (ticker: IPU) – Index includes more than 130 non-U.S. utilities companies with market capitalizations of at least $100 million;
  • SPDR S&P International Energy Sector ETF (ticker: IPW) – Index includes more than 300 non-U.S. energy companies with market capitalizations of at least $100 million.

All funds have an expense ratio of 0.50%.

More information is available at www.ssga.com.

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