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Products April 25, 2007
State Street Launches International SPDRs ETFs
April 25, 2007 (PLANSPONSOR.com) - State Street
Global Advisors (SSgA) has introduced two new SPDRs exchange
traded funds (ETFs), providing investors low-cost access to
developed international markets.
Reported by Rebecca Moore
According to the announcement, SPDR S&P International Small Cap ETF Index includes companies with market capitalizations below $2 billion domiciled in developed countries outside the U.S., and has an expense ratio of 0.60%. According to State Street, it is the first capitalization-weighted vehicle covering international small cap equities.
The SPDR S&P World ex-US ETF Index includes more than 5,000 companies domiciled in developed countries outside the U.S., including Canada, and has an expense ratio of 0.35%.
The two new SPDRs bring the total of State Street’s family of US-listed ETFs to 53 funds, the company said. The new funds will begin trading on the American Stock Exchange on Thursday.