SsgA Announces New Benchmarks for Five SPDR ETFs

October 24, 2011 ( – State Street Global Advisors (SsgA) announced changes to the indices and names of five financial industry SPDR ETFs.  

Effective October 24, 2011, the five SPDR ETFs will seek to track S&P Select Industry Indices that provide access to the same market segments as funds’ current index and offer broader diversification and reduced concentration risk.
The changes will affect the following SPDR ETFs:


Current ETF Name 

Current Index Name 

New ETF Name 

New Index Name 


KBW Bank Index




S&P Banks Select Industry Index


SPDR KBW Capital Markets ETF (KCE)


KBW Capital Markets Index


SPDR S&P Capital Markets ETF (KCE)


S&P Capital Markets Select Industry Index


SPDR KBW Insurance ETF (KIE)


KBW Insurance Index


SPDR S&P Insurance ETF (KIE)


S&P Insurance Select Industry Index


SPDR KBW Mortgage Finance ETF (KME)


KBW Mortgage Finance Index


SPDR S&P Mortgage Finance ETF (KME)


S&P Mortgage Finance Select Industry Index


SPDR KBW Regional Banking ETF (KRE)


KBW Regional Banking Index


SPDR S&P Regional Banking ETF (KRE)


S&P Regional Banks Select Industry Index


The funds’ ticker symbols and expense ratios will remain unchanged.

“As a leading manager of industry and sector ETFs, we are constantly reviewing the SPDR ETF offering to improve access to a wide range of asset classes,” said James Ross, Senior Managing Director and Global Head of SPDR Exchange Traded Funds at State Street Global Advisors, in the announcement. “In addition to unifying our industry SPDR ETFs around a single index provider, the new S&P indices offer investors greater diversification and a rules-based methodology that enhances transparency.”