Six New SPDR ETFs Emerge at State Street

According to the announcement, the six ETFs, which began trading on the American Stock Exchange on Friday, are based on the S&P/Citigroup Global Equity Indices.

The new offerings are:

• SPDR S&P Emerging Markets ETF (GMM): Index includes more than 1,500 companies across 26 emerging countries.
• SPDR S&P Emerging Latin America ETF (GML): Index includes companies domiciled in Argentina, Brazil, Chile, Columbia, Mexico, Peru, and Venezuela.
• SPDR S&P Emerging Middle East & Africa ETF (GAF): Index includes companies domiciled in Egypt, Israel, Jordan, Morocco, Nigeria, and South Africa.
• SPDR S&P Emerging Europe ETF (GUR): Index features companies in countries that are nearing acceptance into the EU, including Czech Republic, Hungary, Poland, Russia, and Turkey.
• SPDR S&P Emerging Asia Pacific ETF (GMF): Index includes companies domiciled in China, India, Indonesia, Malaysia, Pakistan, the Philippines, Taiwan, and Thailand.
• SPDR S&P China ETF (GXC): Underlying index includes over 150 companies domiciled in China

“Developed in response to investor demand, our new international SPDRS provide distinct exposure to virtually the entire emerging markets universe, several key regions, including China,” said James Ross, senior managing director of State Street Global Advisors, in the announcement. “The regional SPDRS are designed to provide a level of diversification unavailable in more concentrated country-specific approaches, and the SPDR S&P China ETF covers a much larger range of the Chinese equity market than any of the country’s other benchmarks.”