The exchange-traded fund’s annual expense ratio is 0.40%.
According to the announcement, GNR is designed to provide investors with diversified, global exposure across the Energy, Metals and Mining, and Agriculture sectors, and it seeks to track the performance of the S&P Global Natural Resources Index. The Index includes ninety of the largest publicly-traded companies in global natural resources and commodities businesses.
In addition to being listed on a developed market exchange, Index constituents must have a minimum of $1 billion market capitalization and a three month average daily trading value of $5 million or more.
“The SPDR S&P Global Natural Resources ETF was developed in response to demand from sophisticated investors and financial advisers seeking precise natural resources exposure that is not overweight on the energy sector,” said James Ross, senior managing director at SSgA, in the announcement.
Index holdings are equally-weighted across the energy, metals and mining, and agriculture sectors.More information is at http://www.spdrs.com.