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Products May 20, 2008
SSgA Releases Emerging Markets Small Cap ETF
May 20, 2008 (PLANSPONSOR.com) - State Street Global
Advisors has launched the SPDR S&P Emerging Markets Small
Cap ETF (EWX) on the American Stock Exchange.
Reported by Fred Schneyer
A news release said the SPDR S&P Emerging Markets Small Cap ETF seeks to track the S&P/Citigroup Emerging Market Small Cap < $2 Billion Index, which includes more than 1,600 companies with market capitalizations below $2 billion domiciled in 26 countries. Its expense ratio is 0.65%.
“In addition to helping investors further diversify an international equity portfolio, EWX offers access to a market segment that has been the source of increasing interest, as small cap companies are often well positioned to take advantage of the strong growth occurring within emerging markets,” said James Ross, senior managing director at State Street, in the release.