SSgA Launches Three New ETFs

The three new SPDR industry ETFs seek to track the performance of a series of S&P Select Industry Indices, which are designed to measure the performance of Global Industry Classification Standard (GICS) sub-industries, which SSgA says is the most detailed level of industry definition. Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and NASDAQ U.S. exchanges.  

The S&P Aerospace & Defense Select Index is an equal-weighted index that includes 34 manufacturers of civil or military aerospace and defense equipment, parts or products, including defense electronics and space equipment. The S&P Health Care Services Select Index is an equal-weighted index that includes 57 providers of patient health care services, including dialysis centers, lab testing services, pharmacy management services, and companies providing business support services to health care providers.The S&P Computer Software Select Index is an equal-weighted index that includes 112 companies engaged in the research, design, support production, or distribution of products or processes that relate to software applications.