Products April 25, 2007
State Street Introduces International SPDRs
New SPDR exchange-traded funds (ETFs) include the first capitalization-weighted vehicle covering international small cap equities.
Reported by Rebecca Moore
The 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 new funds launch today on the American Stock Exchange and bring the total of State Street’s family of U.S.-listed ETFs to 53 funds, the company said.
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