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Products January 29, 2007
State Street ETF To Track Infrastructure Industries
State Street Global Advisors will launch Tuesday an exchange-traded fund (ETF) that that tracks an index of developed and emerging country stocks involved in infrastructure industries such as pipelines, transportation services, electricity, water and telecommunications.
Reported by Adrien Martin
The SPDR FTSE/Macquarie Global Infrastructure 100 ETF will be calculated by global index provider FTSE Group, which calculates the Macquarie Global Infrastructure 100 Index, the underlying benchmark for the new ETF, according to a press release about the product.
“With the launch of this SPDR, we are responding to our clients’ demands for access to stocks that cover infrastructure industries on a global scale,” said Anthony Rochte, senior managing director of State Street Global Advisors, in the release.
State Street recently launched the SPDR MSCI All Country World Index ex-US ETF on the American Stock Exchange, which includes both developed and emerging markets outside of the U.S. (See New State Street ETF Family Tracks Stocks Outside the US). The firm also came out with two ETFs in mid-November that give investors greater access to the Japanese market (See State Street Unveils Two ETFs).